Organizations must consider the feasibility of technological innovations because technical obstacles represent barriers to progress.
Answer the following statement true (T) or false (F)
True
Managers also must consider whether technological innovations are feasible. Technical obstacles may represent barriers to progress.
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GAAP requires that a company accrue the cost of other post-retirement benefits (OPRBs) during the periods in which its employees earn the benefits
Indicate whether the statement is true or false
A major difference between FIFO and average costing is:
a. The number of equivalent units in ending work in process. b. It is not possible to use FIFO when there is more than one department. c. FIFO separates beginning inventory from current production. d. The current month's cost of production will be less.
________ are guides that specify the way certain tasks or activities will be carried out, thereby ensuring uniform action on the part of all corporate members.
Fill in the blank(s) with the appropriate word(s).
Interest rates are important to financial institutions since an interest rate increase ________ the cost of acquiring funds and ________ the income from assets
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases