Allocating joint costs based upon a physical measure ignores the revenue-generating ability of individual products
Indicate whether the statement is true or false
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Which of the following is NOT considered a probability sampling method?
A) simple random B) systematic C) cluster D) stratified E) convenience
A price experiment
A. is useful for obtaining data for a cost-oriented pricing strategy. B. is a quick and efficient method to decide on a price for a product. C. cannot be performed if the retailer uses POS terminals. D. is a less accurate method of determining buyer response to price changes than a consumer panel. E. is a method of determining the most profitable price for a product.
If a company receives $12,000 from a stockholder, the effect on the accounting equation would be:
A. Assets increase $12,000 and liabilities increase $12,000. B. Assets decrease $12,000 and equity decreases $12,000. C. Assets increase $12,000 and equity increases $12,000. D. Assets increase $12,000 and liabilities decrease $12,000. E. Liabilities increase $12,000 and equity decreases $12,000.
Gantt charts contain information about the time taken by each activity, but not about the sequential dependencies of the activities
Indicate whether the statement is true or false