In kaizen costing, the cost reduction process is controlled by repetitive use of continuous improvements and maintenance
Indicate whether the statement is true or false
True
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_________________ is the body created by the Sarbanes-Oxley Act that was given the authority to set auditing standards in the United States
Fill in the blank(s) with correct word
Broadly speaking, cost accounting can be defined as a(n)
a. external reporting system that is based on activity-based costs. b. system used for providing the government and creditors with information about a company's internal operations. c. internal reporting system that provides product costing and other information used by managers in performing their functions. d. internal reporting system needed by manufacturers to be in compliance with Cost Accounting Standards Board pronouncements.
Photographs convey realism and ________________
a. truth b. authenticity c. accuracy d. objectivism
Which of the following is a disadvantage of franchising?
A. It restricts the franchisor from expanding. B. It results in the franchisor taking all the financial burden of the franchisees. C. It results in the delegation of authority to franchisees, and the franchisor may not enjoy complete control. D. It does not provide enough incentive to the franchisees to run operations effectively because franchisees are not entrepreneurs. E. It requires the franchisees to create a new business model and plan strategies.