In supermarket retailing there is an increased need to control costs and operate efficiently to compete with category killers. This need to be efficient has created:
A) mass marketing.
B) market segmentation.
C) efficient consumer response.
D) a hybrid system.
C
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Which of the following statements is false?
a. The method of preparing the operating activities section of a statement of cash flows which adjusts net income to remove the effects of deferrals and accruals for revenues and expenses is the indirect method. b. The method of preparing the operating activities section of a statement of cash flows which reports major classes of gross cash receipts and cash payments for revenues and expenses is the direct method. c. The FASB prefers the direct method of preparing the operating activities section of the statement of cash flows. d. Most companies use the direct method of preparing the operating activities section of the statement of cash flows.
Estimates are estimates because they are always hindered by:
A) sample error B) population error C) statistical analysis error D) the media E) client's preferences
Dual-choice and multiple-choice questions are both options of the metric response format
Indicate whether the statement is true or false
When would direct labor costs associated with building a custom home be assigned to the job?
A) Only indirect labor is assigned to construction, not direct labor B) When the labor is incurred during construction C) After first being added to manufacturing overhead D) After the construction has moved from work-in-process to the finished product