Employee empowerment is unnecessary in the Toyota Production System, because automation and powerful information systems reduce the need for employee creativity and decision making.

Which of the following is true regarding total productive maintenance (TPM) ?

A) TPM is concerned with machine operation, not machine design.
B) Field service and depot service perform virtually all maintenance and repair activities.
C) Operators run their machines, but maintenance departments maintain them.
D) TPM reduces variability through employee empowerment and excellent maintenance practices.
E) TPM views maintenance and repair as tactical issues, not strategic ones.

Delauder Enterprises makes a variety of products that it sells to other businesses. The company's activity-based costing system has four activity cost pools for assigning costs to products and customers. Details concerning that activity-based costing system are listed below: The cost of serving customers, $1,608.00 per customer, is the cost of serving a customer for one year. Grennon Corporation buys only one of the company's products. The details of last year's purchases of this product are listed below:
According to the activity-based costing system, the total overhead cost for this customer this past year was closest to:

A) $4,034.35
B) $22,484.35
C) $2,426.35
D) $18,450.00

The use of debt financing insures an increase in return on equity.

The gross profit of Abel Company for 2010 is $300, 000, cost of goods manufactured is $400, 000, the beginning inventories of goods in process and finished goods are $28, 000 and $35, 000, respectively, and the ending inventories of goods in process and finished goods are $50, 000 and $70, 000, respectively.The cost of goods sold of Abel Company for 2010 must have been

A) $378, 000
B) $265, 000
C) $278, 000
D) $365, 000

An authorized signing officer should sign a cheque only after reviewing the appropriate supporting documentation.