The term "prime cost" refers to:
a. The sum of direct labor costs and all factory overhead costs.
b. The sum of direct material costs and direct labor costs.
c. All costs associated with manufacturing other than direct labor costs and direct material costs.
d. Manufacturing costs incurred to produce units of output.
b
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The acid-test ratio differs from the current ratio in that it
a. represents the amount of cash on hand instead of the amount of working capital. b. excludes inventories and accounts receivable from the numerator of the fraction because of obsolescence and possible nonpayment. c. is a stricter test of a company's ability to pay its current debts as they are due. d. signals the need to liquidate marketable securities when it drops below 5 to 1.
The profit-seeking school of social responsibility argues that the social costs of doing business are a responsibility of individual businesses
Indicate whether the statement is true or false
Successfully managed a marketing department that achieved its sales goals all four quarters of the past fiscal year uses an action verb
Indicate whether the statement is true or false
Which of the following is the best career objective for a résumé?
A) Seeking an entry-level position with the opportunity for advancement B) A challenging position with a public accounting firm C) Work as a team player for a company that values independent thinking D) A position in human resources assisting with employee recruitment, selection, background checks, and in-house training