Herndon Brothers Inc produces a variety of "all natural" household cleaning supplies that it manufactures and distributes to various grocery stores along the west coast. Which of the following types of costs would most likely be a product-level cost?
A) A package product design cost for a new product line
B) A machine setup cost
C) Depreciation on the factory building
D) Energy costs for factory machinery
A
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Which of the following activities best describes a salesperson's job?
A. set prices B. research on product development C. manage production of goods D. manage information E. devise marketing strategies
When an entrepreneur bootstraps the purchase of a company, none of the price of the acquisition is cash.
Answer the following statement true (T) or false (F)
As a Certified Management Accountant, Derek is bound by the standards of ethical conduct issued by the Institute of Management Accountants. According to the standards, Derek has a responsibility to:
A. inform subordinates that they should protect confidential information. B. ensure that financial accounting records are maintained as per the governing guidelines. C. inform subordinates that they should protect confidential information and monitor the activities of subordinates to assure that confidentiality is maintained. D. monitor the activities of subordinates to assure that confidentiality is maintained.
According to the resource-based view of the firm, competitive advantages are ________ for competitors to copy, if they are based on unique bundles of resources.
A. more reliable B. harder C. easier D. faster