When continuous improvement budgeted costing is implemented, cost reductions can result from
a. price reductions.
b. reducing materials waste.
c. producing products faster and more efficiently.
d. all of the above.
Answer: d. all of the above.
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Adophus, Inc's 2010 income statement reported total revenues of $850,000 and total expenses (including $40,000 depreciation) of $720,000 . The 2010 balance sheet reported the following: accounts receivable beginning balance of $50,000 and ending balance of $40,000; accounts payable beginning balance of $22,000 and ending balance of $28,000 . Therefore, based only on this information and using the
indirect method, the 2010 net cash inflow from operating activities was a. $126,000 b. $186,000 c. $166,000 d. $174,000
According to the Magnuson-Moss Warranty Act, which of the following statements is true?
a. The law requires manufacturers and sellers to give written warranties. b. The law replaced UCC warranty law. c. If a written warranty is given by a manufacturer, the implied warranties of merchantability and fitness for a purpose cannot be eliminated. d. Does not differentiate between a full warranty and a limited warranty.
Elements of ______ are passed on from generation to generation and from person to person.
A. culture B. ethnocentrism C. cultural diversity D. stereotyping
Based on the Framework for Understanding Physical Environment-User Relationships, a person's ________ to the servicescape is what influences his or her behavior in the service environment.
A. Route to B. Affiliation with C. Approach to D. Commitment to E. Internal response to