The objective of profit maximization
A) should be the only goal of an organization
B) is an objective of financial accounting but not management accounting
C) should be achieved through legal and ethical means
D) should outweigh the goal of product quality
C
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NikeID allows customers to build their own shoes and select the colors for just about every area of the shoe. This is an example of:
A) differential marketing. B) one-to-one marketing. C) niche marketing. D) demographic marketing.
When a manufacturing company employs standard costs, all costs affecting the three inventory accounts and the Cost of Goods Sold account are stated in terms of actual costs rather than in terms of standard costs incurred
Indicate whether the statement is true or false
Four companies that dominated the Canadian market for frozen ice cream pies had repeatedly got together over 5 years and agreed on the prices they would charge for their products
Finally Alison Reid, the secretary to the president of Ice Treats Inc called the Competition Bureau and said that the companies had been price fixing for 5 years. The Competition Bureau first contacted Ice Treats and it admitted what it had done and gave the Competition Bureau records it had showing their agreements with the other companies. As a result which of the following statements is FALSE? A) Alison is a whistleblower and the Competition Bureau cannot reveal her name B) Ice Treats can fire Alison for what she has done C) Ice Treats my receive immunity or leniency from the Competition Bureau D) executives at the company could face up to 14 years in jail and the companies could be fined up to $25 million E) a class action could be brought against these four companies
Which of the following consist(s) of capital items that cost less and are shorter-lived than installations.
A. staples B. component parts C. accessory equipment D. component materials E. supplies