Answer the following statements true (T) or false (F)
The FASB appears to be continuing to take a revenue-expense approach to financial statements.
ANSWER: F
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Which type of product is a basic or necessary item that is available almost everywhere?
A) emergency product B) staple C) impulse product D) shopping product E) unsought product
Use the following data to compute total factory overhead costs for the month: Sales commissions$10,800 Direct labor 39,600 Indirect materials 15,200 Factory manager salaries 7,200 Factory supplies 9,000 Indirect labor 6,300 Depreciation-office equipment 5,000 Direct materials 40,500 Corporate office salaries 42,500 Depreciation-factory equipment 7,500
A. $125,300. B. $84,800. C. $58,300. D. $45,200. E. $141,100.
______ leadership is based on the human motive to bond with others and contribute to the betterment of society
A. Authentic B. Ethical C. Servant D. Ethical
Yum! Brands, the parent company of KFC, has pursued an aggressive growth strategy in China. There are now than 3,700 restaurants in 650 Chinese cities, and KFC has a 40% market share of the entire fast-food industry there. Yum! Brands China owns and directly manages about 90% of its Chinese stores, so it appears that the company prefers ________ in this market.
A. a joint venture B. direct investment C. local manufacturing D. local assembly E. licensing