Which of the following is most likely done by managers, when actual costs of a product exceed expected costs?
A) Increase the selling price of the product
B) Adjust planning and decision-making strategies
C) Increase the sales of the product
D) Change the product costing system used
B
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What will be an ideal response?
What mechanism is used to provide a systematic assessment of an organization's performance in implementing socially responsible programs, often based on predefined goals?
A. sustainability program B. code of ethics C. diversity program D. financial audit E. social audit
The Sarbanes-Oxley Act of 2002 requires that CEOs and CFOs of publicly-listed companies must reveal off-balance-sheet finances and vouch for the accuracy of information provided.
Answer the following statement true (T) or false (F)
Strategic planning in retailing _____
a. can be practiced by both small and large retailers b. requires computer-based marketing research and accounting systems to be successfully implemented c. should focus on short-run profits d. requires a high risk-taking philosophy to succeed