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Absolute figures usually have more meaning than ratio comparisons
Indicate whether the statement is true or false
Suppose a management accountant becomes aware that a poor judgment he or she made has resulted in the loss of one of the company's clients. Is the accountant bound to share this information with the company? (The accountant doubts that the company will ever find out about it directly.)
a. The management accountant is bound to honestly respond to inquiries regarding the adequacy of professional judgments but is not bound to communicate them if not directly asked. b. The management accountant is bound to communicate this error in judgment only if another client cannot be found. c. The management accountant is not bound to communicate this error. d. The management accountant is bound to communicate unfavorable and favorable judgments made even if not directly asked.
A process costing system accounts for product costs
a. for a specific period of time. b. almost always in a single Work in Process Inventory account. c. without regard to the process that created the cost. d. for specific orders.
Which of the following is a limitation of using product placement as an advertising medium?
A) high clutter B) non-captive audience C) low reach D) high costs