The ____________ actually makes the key decisions for the firm, and the top-level management is responsible for implementing the board’s decisions.
a. Intervening board
b. Passive board
c. Certifying board
d. Operating board
d. Operating board
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One way to increase market share is to lower prices, and the best way to lower prices is to _____.
A. reduce costs B. outsource jobs C. promote self-training D. update to latest technologies
Which of the following statements is true of manufacturing company accounting?
a. Inventories are divided into two separate accounts; b. Cost of Goods Sold shows both a debit and a credit balance on the work sheet; c. The factory overhead account includes all depreciation expenses for the company; d. At year-end, the balance in the factory overhead account is closed to Finished Goods Inventory; e. none of these statements is true
Which of the following statements is true of both managers and leaders?
A. If someone is a leader, then they are also a manager and vice versa. B. Both leaders and managers work with people, set goals, and influence others to achieve goals. C. Both leaders and managers create a vision and introduce change. D. Both leaders and managers maintain the status quo and work to keep things stable.
Direct materials and direct labor are components of manufacturing overhead
Indicate whether the statement is true or false