All of the following are asset accounts except:
A) Accounts Receivable.
B) Buildings.
C) Supplies expense.
D) Equipment.
E) Prepaid insurance.
C) Supplies expense.
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In activity-based costing, the total activity in an activity cost pool can be computed by:
A. dividing the total overhead cost in the activity cost pool by the activity cost pool's activity rate. B. multiplying the total overhead cost in the activity cost pool by the activity cost pool's activity rate. C. multiplying the activity cost pool's activity rate by the direct labor-hours required to make a product. D. dividing the activity cost pool's activity rate by the direct labor-hours required to make a product.
The Federal Trade Commission's (FTC's) advertising substantiation program has had a major effect on the advertising industry because
A. it enabled advertisers to make accurate advertising claims. B. it led to fewer liability litigations involving products that are associated with consumer injuries. C. it increased consumer confidence in all advertising claims. D. it shifted the burden of proof from the commission to the advertiser. E. it simplified the advertising decision-making process.
Supply-chain management includes only producers, wholesalers, retailers, and customers.
Answer the following statement true (T) or false (F)
Boundary spanners provide a link between internal departments of an organization.
Answer the following statement true (T) or false (F)