If the standard to produce a given amount of product is 1,000 units of direct materials at $11 and the actual was 800 units at $12, the direct materials price variance was $800 unfavorable
Indicate whether the statement is true or false
True
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A firm that is plagued with overcapacity, intense competition, or changing consumer desires would do better if it pursues ________ as its major objective
A) market skimming B) product-quality leadership C) survival D) profit maximization E) market penetration
To reject goods, the buyer must notify the seller of the rejection and specify the defect or nonconformity.
Answer the following statement true (T) or false (F)
The concept of diversification is illustrated by the old saying
A) "Sell eggs high and buy them low." B) "Don't put all your eggs in one basket." C) "Keep all your eggs in one basket." D) "Several baskets of eggs are better than one."
At Six Sigma, a product or service is defect free 6.66 percent of the time.
Answer the following statement true (T) or false (F)