International management must consider three general areas in strategy implementation. First, the multinational corporation must:
A. decide where to locate operations.
B. develop alliances with the most attractive local partner.
C. implement functional strategies in areas such as marketing.
D. carry out entry and ownership strategies.
Answer: A
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The general rule for recording answers to unstructured questions is to check the box that reflects the respondent's answer
Indicate whether the statement is true or false
How is marketing being applied in the not-for-profit sector?
What will be an ideal response?
Activity flexible budgeting
A) improves performance reporting. B) allows the prediction of activity costs as activity output changes. C) enhances the ability to manage activities. D) improves the ability to plan and monitor activity improvements. E) does all of these.
A company uses the following standard costs to produce a single unit of output. Direct materials6 pounds at $0.90 per pound=$5.40 Direct labor0.5 hour at $12.00 per hour=$6.00 Manufacturing overhead0.5 hour at $4.80 per hour=$2.40 During the latest month, the company purchased and used 58,000 pounds of direct materials at a price of $1.00 per pound to produce 10,000 units of output. Direct labor costs for the month totaled $56,350 based on 4,900 direct labor hours worked. Variable manufacturing overhead costs incurred totaled $15,000 and fixed manufacturing overhead incurred was $10,400. Based on this information, the total direct materials cost variance for the month was:
A. $5,800 favorable B. $4,000 favorable C. $4,000 unfavorable D. $1,800 favorable E. $5,800 unfavorable