In a standard costing system, each input of direct materials, direct labor, and manufacturing overhead has a cost standard and an efficiency standard

Indicate whether the statement is true or false


TRUE

Business

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In economic terms, all resources are ________, that is, they can be replaced by substitutes, and in this sense resources are infinite.

Fill in the blank(s) with the appropriate word(s).

Business

Few companies provide sales training beyond a few weeks or months for new members of the sales force

Indicate whether the statement is true or false

Business

The ability of a business to earn a reasonable amount of income is referred to as the factor of ________

a. solvency b. wealth c. profitability d. leverage

Business

The term scienter refers to the knowledge that a representation is false or that it was made without sufficient knowledge of the truth.

Answer the following statement true (T) or false (F)

Business