Which of the following statements regarding cost drivers is false?
A) Different businesses can have different sets of cost drivers.
B) Cost drivers should generally be chosen based on a cause-and-effect relationship between the driver and the specific cost being considered.
C) Cost drivers are groups of overhead costs that are similar.
D) An activity could have more than one potential cost driver.
C
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Which data collection method for marketing research is flexible, allows for explanation of difficult questions, and lends itself to showing products and other visual materials?
A) face-to-face interviewing B) online questionnaires C) telephone interviewing D) ethnographic research E) mail questionnaires
Overhead costs are not recorded in the Work in Process Inventory account
Indicate whether the statement is true or false
Firms will often use a ________ segmentation strategy when they want to capitalize on the financial savings of global segmentation but still adjust for local customs and culture.
Fill in the blank(s) with the appropriate word(s).
A company has $120,000 in current assets; $600,000 in total assets; $90,000 in current liabilities, and $140,000 in total liabilities. Calculate the current ratio of the company. (Round your answer to two decimals.)
A) 1.33 B) 1.71 C) 1.75 D) 0.86