When using the FIFO method of process costing, beginning inventory costs are excluded from the cost reconciliation
Indicate whether the statement is true or false
false
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The marketing concept refers to
A. the activity for creating, communicating, delivering, and exchanging offerings that benefit its customers, the organization, its stakeholders, and society at large. B. the idea that an organization should (1) strive to satisfy the needs of consumers (2) while also trying to achieve the organization's goals. C. the view that organizations should satisfy the needs of consumers in a way that provides for society's well-being. D. the belief that an organization should continuously collect information about customers' needs, share this information across departments, and use it to create customer value. E. the process of identifying prospective buyers, understanding them intimately, and developing favorable long-term perceptions of the organization and its offerings so that buyers will choose them in the marketplace.
Which of the following is a correct statement regarding the test of contractual incapacity?
A. The test usually applied in contract law is whether a party, at the time the case is litigated, had sufficient mental capacity to understand the nature and effect of the contract. B. A person with less-than-ordinary intelligence cannot enter into a binding agreement. C. A person could be medically insane but still have the legal capacity to contract. D. A person who is senile cannot enter into a binding agreement.
Environmental regulations enforced by the government adversely affect automobile and steel manufacturing companies
Indicate whether the statement is true or false
Techniques for building employee empowerment include:
A) building communication networks that include employees. B) developing open, supportive supervisors. C) moving responsibility from both managers and staff to production employees. D) building high-morale organizations. E) All of the above are techniques for employee empowerment.