An agenda may include travel and appointment schedules
Indicate whether the statement is true or false.
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A product consists of four components with reliabilities of 0.89, 0.90, 0.91, and 0.92, respectively. Each component has a backup with the same reliability. Calculate and indicate product reliability.
A. 96.40% B. 86.31% C. 94.11% D. 79.32%
Aunt Emily's Food Products is famous for its frosted fruit cake. The main ingredient of the cake is dried fruit, which Aunt Emily's purchases by the pound. In addition, the production requires a certain amount of direct labor. Aunt Emily's uses a standard cost system, and at the end of the first quarter, there was a favorable direct materials cost variance. Which of the following is a logical explanation for that variance?
A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements worked at a much slower pace during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that there was less wastage of direct materials during production.
Which of the following is true regarding the application of lower-of-cost-or-market method under international accounting standards?
a. No lower-of-cost-or-market rule for inventory exists under international accounting standards. b. Inventory is recorded at the lower-of-cost-or-market value (defined as replacement cost of the inventory). c. Inventory is recorded at the lower-of-cost-or-market value defined as net-realizable value. d. Inventory is recorded at the lower-of-cost-or-market value defined as net-realizable value, minus the normal profit margin.
The principles used in selling an idea are similar to those used in selling products
Indicate whether the statement is true or false