Innovativeness refers to creating autonomous work units and encouraging independent action.
Answer the following statement true (T) or false (F)
False
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Proper handling of human relations is essential to the establishment of an effective budgeting system. There is a natural tendency for people to be uncomfortable with budgets. Describe how participative budgeting helps create a healthy atmosphere surrounding the budgeting process.
What will be an ideal response?
Equivalent production is also called
A) conversion costs. B) completed work cell units. C) equivalent units. D) equivalent transfer.
Randall Company manufactures chocolate bars. The following were among Randall's manufacturing costs during the current year: Wages Machine operators$300,000 Selling and Administrative personnel$75,000 Materials used Lubricant for oiling machinery$25,000 Cocoa, sugar, and other raw materials$225,000 Packaging materials$190,000 Randall's direct materials amounted to:
A. $225,000 B. $475,000 C. $250,000 D. $25,000
To position a new venture effectively, the venture must _______________.
a. identify potential customers only b. identify and assess all competitors who target the venture’s intended customer base c. always charge a premium price d. assume there is no direct competition