Which of the following is NOT primarily an example of the influence of technology on the external market environment?
A. A camera producer finds a way to enable a camera to store digital pictures-without film.
B. Machines are developed to assemble defect-free electronic components.
C. The government passes a law that prohibits the use of cell phones while driving a vehicle.
D. Robots on a production line make it possible to lower costs.
E. A manufacturer of frozen food is finding that consumers prefer containers that can go from the freezer direct to a microwave oven.
Answer: C
You might also like to view...
Which of the following is the best way to manage virtual teams?
A. Make sure that the majority of your team members are junior-level staffers who have no more than a year's tenure at the company. B. Check in regularly, but resist the urge to micromanage. C. Require all team members to work on the same schedule—say, Monday through Friday, from 9 a.m. until 6 p.m. D. Meet with each individual member of the team at least twice a week. E. Avoid face-to-face communication and convey information primarily through email and texts.
In the FASB hierarchy of inputs to consider for assessing fair value, which is associated with Level 1?
a. Observable information on similar items. b. Nonexistence of active markets. c. Quoted prices on identical items. d. Relevant economic and industry factors.
Which of the following is not a disclosure for derivatives required under SFAS No. 133?
a. Firms must describe their risk management strategy and how particular derivatives help accomplish their hedging objectives. b. For fair value and cash flow hedges, firms must disclose the net gain or loss recognized in earnings resulting from the hedges' ineffectiveness and the line item on the income statement that includes this net gain or loss. c. For cash flow hedges, firms must describe the transactions or events that will result in reclassifying gains and losses from other comprehensive income to net income and the estimated amount of such reclassifications during the next 12 months. d. The specifics of a model that simulates with a 95 percent or other confidence level the minimum, maximum, or average amount of loss that a firm would incur.
A production supervisor's salary that does not vary with the number of units produced is an example of a fixed cost
Indicate whether the statement is true or false