A manufacturer of audio equipment employing an activity-based cost hierarchy uses the unit, batch, product, and facility levels to classify its activities. A product-level activity is
a. securing the factory.
b. testing the speakers.
c. redesigning the installation process.
d. materials handling.
C
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According to the principle of comparative advantage, specialization and trade increase a nation's total output since
a. resources are directed to their highest productivity. b. the output of the nation's trading partner declines. c. the nation can produce outside of its production possibilities frontier. d. the problem of unemployment is eliminated.
Which of the following observations concerning physical evidence is TRUE?
a. It is not useful in fighting fraud cases. b. It is more associated with nonfraud types of crimes. c. It is useful in fraud cases because fraud has physical symptoms. d. It does not involve electronic sources of information.
Timely and accurate communications are essential for high-performance work systems to succeed.
Answer the following statement true (T) or false (F)
Business start-up cost information can be obtained from ________.
A. advisors B. quotations from vendors C. industry data D. All of these.