Any Type of Custom Production in Which the Product Changes

question 79

True/False

Any type of custom production in which the product changes or where demand is unknown in advance would use forward scheduling.

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Definitions:

Implied Powers

Powers not explicitly stated in a constitution or legal document but deemed necessary to execute the powers that are expressly stated.

De Facto Corporation

Latin for “corporation in fact” a corporation that has not substantially met the requirements of the state incorporation statutes.

Incorporation Statute

Laws enacted by a state that outline the requirements for forming and operating a corporation within that state.

Dividends

Corporate profit shares distributed among stockholders, often on a periodic basis.