Daisy is planning a clothing manufacturing company. When selecting the location for her production facility, Daisy will want to consider:
A. ease of access to her customers.
B. ease of access to transportation.
C. availability of suitable labor.
D. ease of access to raw materials.
Answer: C
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Which of the following is characteristic of men in the workplace, compared with women?
A. being more collaborative B. producing higher-quality work C. being more effective D. generating more new ideas E. using a more autocratic style
Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking.
A major advantage of the target costing approach to pricing is that target costing
a. allows a company to analyze the potential profit of a product before spending money to produce the product. b. is not dependent on customers' quality versus price decisions. c. identifies unproductive assets. d. anticipates the product's profitability midway through its life cycle.
According to Guo and Saxton, which stage of advocacy works to deepen ties with the organization’s community?
A. first B. second C. third D. fourth