Improved quality can increase profitability via allowing flexible pricing
Indicate whether the statement is true or false
TRUE
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Effective text slides should do all of the following except
A) highlight key points. B) display your entire speaking script. C) summarize and preview your message. D) signal major shifts in thought. E) illustrate concepts.
Which of the following is a reconciling item when reconciling the bank balance to the correct balance?
A) Canceled checks B) Outstanding checks C) NSF checks D) Error in company record
Nan presents her plan for a slip-on shoe that is water repellent, inexpensive, and highly fashionable. She believes that the market for the product is “everyone in the city of Seattle.” Because of this, she forecasts that she will capture 40% of the market. What is the business plan error that Nan is incurring?
a. too much fluff in the presentation b. no clear product benefits c. the exaggerated hockey stick d. There is no error. This is a reasonable estimate.
The production manager of a company, in an effort to gain a promotion, negotiated a new labor contract with the factory employees that required them to bear a greater percentage of benefit costs than before, thus bringing down the cost of direct labor to
the company. Shortly afterward, several experienced and highly skilled workers resigned, and were replaced by new employees whose work was very slow during their training period. At the end of the quarter, the company's profits fell 10%. This would produce a(n) ________. A) unfavorable direct materials cost variance B) favorable direct labor cost variance C) favorable direct labor efficiency variance D) unfavorable direct materials efficiency variance