A situation in which machines and equipment do most of the work is known as
A. high technology.
B. quality control.
C. a labor-intensive technology.
D. an industrial installation.
E. a capital-intensive technology.
Answer: E
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A service firm, such as a law firm, would choose direct labor dollars over direct labor hours as a cost driver for overhead because:
a. Overhead is more related to dollars charged than hours worked. b. Labor hours are harder to track. c. Labor rates change and thus overhead is automatically updated. d. Partners and managers incur overhead equally.
Coca-Cola's unique and skillful marketing communications represent the company's ________
A) consumer-generated value B) production orientation C) distinctive competency D) return on investments E) lifetime value
A work sheet heading is dated for a period of time
Indicate whether the statement is true or false
The SEC, an agency that oversees publicly traded companies, was created in 1933 under the Securities Act of 1933
Indicate whether the statement is true or false