Setting transfer prices at full cost can lead to bad decisions because, among other reasons, full cost does not take into account opportunity costs.
Answer the following statement true (T) or false (F)
True
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Which of the following workplace activities is most likely to be the one in which your communication skills will be utilized?
A) Calculating whether sales are up this quarter using the latest figures B) Formulating strategies to manage your new team C) Persuading your colleagues that your idea will likely lead to increased sales D) Analyzing the pattern of errors found in your new product E) Designing algorithms for the to-be-developed software
When a seller requires its dealers to abstain from handling competitors' products, it is called ________
A) subjective distribution B) exclusive dealing C) selective distribution D) exclusive pricing E) disintermediation
Which of the following is an example of exercising internal control over receivables?
A) separating cash collection and credit approval duties B) extending credit to all customers who apply for credit C) combining the duties of the credit and accounting departments D) allowing credit department employees to collect cash from customers
A set of rules for appropriate professional behavior is often called a_________
Fill in the blank(s) with correct word