What should be done in Stage 1 in an activity-based costing (ABC) system?
A) Total manufacturing costs are calculated.
B) Raw materials are purchased.
C) Cost drivers for activities are chosen.
D) Activities are identified.
D
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Though the ________ method of setting an advertising budget is simple to use and helps management think about the relationships among promotion spending, selling price, and profit per unit, it wrongly views sales as the cause of promotion rather than
the result. A) percentage-of-sales B) competitive-parity C) bottom-up D) objective-task E) push-pull
Nicolas is the director of Bit Industries, a drill manufacturer. He is also a major shareholder of Deep Green Corp, a leading landscaping tools manufacturer. Bit undergoes a financial crunch and finds it difficult to raise money
Nicolas signs up Bit as a supplier of drills to Deep Green Corp Having obtained a new client, Bit manages to avoid financial distress. However, Nicolas has not informed anyone of what he has done. Can this transaction be voided? If yes, on what grounds can it be voided?
In Sweden, businesses are free to sell any legal product they want in any manner they desire as long as it does not violate any laws or ordinances. The nation has a very liberal welfare policy with most citizens, even at an early age, receiving monthly pension checks from the government. What type of economic system is employed in Sweden?
A. Sweden has a command economy. B. Sweden has a socialist economic system as demonstrated by its pension program. C. Sweden has a free market capitalistic economy. D. Sweden has a mixed economy similar to the United States.
Which of the following statements is FALSE?
A) Many countries regulate or limit capital inflows or outflows, and many do not allow their currencies to be freely converted into dollars, thereby creating capital market segmentation. B) The existence of internationally integrated capital markets makes many decisions in international corporate finance more complicated but potentially more lucrative for a firm that is well positioned to exploit the market segmentation. C) Political, legal, social, and cultural characteristics that differ across countries may require compensation in the form of a country risk premium. D) Swaps allow firms to mitigate their exchange rate risk exposure between assets and liabilities, while still making investments and raising funds in the most attractive locales.