Another name for outsourcing is contract logistics.
Answer the following statement true (T) or false (F)
True
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Activity-based-costing (ABC) systems are generally prevalent in companies seeking to increase ____ and ____
a. cost accuracy and usefulness b. cost accumulation and cost assignment c. cost allocation and cost containment d. product costing and cost allocation
A horizontal audit is often conducted prior to a vertical audit, since the horizontal audit _____
a. often reveals areas that need further study b. is less costly c. is more likely to be conducted by a company specialist d. is more likely to be nondisguised
Match each term with the correct statement below.
a. Roth IRA b. 401(k) plans c. 403(b) plans d. Keogh plans e. defined benefit plan f. defined contribution plan g. Part A h. Part B 1. Retirement plans for self-employed individuals that allow tax-deductible contributions 2. Straight salary reduction plans provided by private employers 3. The Medicare plan that provides just basic hospitalization for up to 150 days 4. A pension plan that specifies how much the employer will contribute to an individual’s retirement account 5. A salary reduction plan used in educational, religious, or charitable organizations 6. A pension plan that specifies a specific amount of retirement benefits
You-Cut-Um shop purchased 200 Lion lawnmowers from M&N Mower. You-Cut-Um is located in Iowa and M&N is in Tennessee. The purchase order states F.O.B. Iowa. The contract makes no mention of risk of loss or title. You-Cut-Um will have an insurable interest in the mowers:
a. when it sells the mowers. b. when they are identified. c. at the time of the contract. d. when the mowers are tendered to You-Cut-Um.