Which of the following is true about ERP systems?
A) Because ERP systems are software based, they have given way to a more service-based economy.
B) Because ERP systems track costs more efficiently, the benefit from the cost information outweighs the cost of obtaining the information.
C) Because ERP systems track costs more efficiently, process costing systems are becoming more prevalent.
D) Because ERP systems have the ability to trace all production costs to individual units, all product costs can now be classified as either direct materials or direct labor.
B
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When Mark went to college he had a burning desire to join a social fraternity; for Mark, the fraternity would be a dissociative group
Indicate whether the statement is true or false
Which if the following describes a product-market most accurately?
A. Competing sellers offer physically or conceptually similar products. B. No intermediaries operate in the market. C. All the customers want the same product but will consider a substitute if their preferred brand is not available. D. One seller has a patent for a superior product and other firms try to imitate the leader the best they can. E. Exchanges are based on barter rather than money.
Choosing between the questions "Do you think the distribution of soft drinks is adequate?" (Incorrect) and "Do you think soft drinks are readily available when you want to buy them?" (Correct) are examples of situations that pertain t
A) avoiding leading questions B) avoiding ambiguous words C) using positive and negative statements D) using ordinary words
The Theory of Constraints (TOC) was popularized by:
A) Goldratt and Cox. B) Ford. C) Taguchi. D) Deming. E) Motorola and GE.