A business with a short-term perspective lacks a strong consumer focus
Indicate whether the statement is true or false
TRUE
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Delicious Food Products is famous for its trail mix. The main ingredient of the trail mix is dried fruit, which Delicious purchases by the pound. In addition, the production requires a certain amount of direct labor. Delicious uses a standard cost system, and at the end of the first quarter, there was an unfavorable direct materials efficiency variance. Which of the following is a logical explanation for that variance?
A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements wasted a large amount of dried fruits during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that production required fewer direct labor hours.
Employers do not pay employees for their lunch break because employers do not want to be liable to employees or third parties for injuries or damages that happen during lunchtime
Indicate whether the statement is true or false
Carol Crowe and Sheryl Stowe signed astandard form bank guarantee for Joseph Fine and limited their liability to $48,000. Fine is now in default, owing $60,000 to the Bank. Which of the following is TRUE? (Ignore interest and other chargers)
A) Carol's liability is limited to $24,000 B) Carol's liability is limited to $30,000 C) Carol's liability is limited to $48,000 D) If it so chooses, the Bank can proceed against Carol only E) Both C and D
Determining asset prices using stocks of assets rather than flow is called
A) asset transformation. B) expected return. C) asset market approach. D) market equilibrium.