The major resource or resources that comprise the major input for a conversion process is often referred to as the focus.
Answer the following statement true (T) or false (F)
True
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Evaluation of company performance can include comparison and/or assessment of all but which of the following:
A. Future performance and risk. B. Current financial position. C. Past performance. D. External user needs and demands. E. Current performance.
Partial productivity:
A. includes materials and labor but not overhead. B. is a ratio of the value of output to the value of all key inputs. C. focuses on an individual input. D. is the same thing as the production volume variance.
Select the statement that is incorrect concerning the appropriations of retained earnings
a. Appropriations of retained earnings reflect funds set aside for a designated purpose, such as plant expansion. b. Appropriations of retained earnings do not change the total amount of stockholders' equity. c. Appropriations of retained earnings can be made as a result of contractual requirements. d. Appropriations of retained earnings can be made at the discretion of the board of directors.
The current ratio is sometimes called the bankers' ratio
Indicate whether the statement is true or false