Relative to traditional product costing, activity based costing differs in the way costs are:
a. allocated.
b. incurred.
c. processed.
d. benchmarked.
a
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What are profit sharing programs?
A. An individual incentive plan that provides a bonus based on that employee’s profitability B. A program that provides a portion of company proceeds over a specific amount of time to the employees of the firm through a bonus payment C. An example of giving praise D. Incentives typically based on improvements in workplace safety of material savings E. Pretty much the same as a gain sharing program
Which of the following would constitute the creation of an express warranty for goods?
A) description of the goods B) commendation of the goods C) prior experience with the goods D) affirmation of the value of the goods
At the mezzo system level, organizations that see minimal or no connection to their community are generally what type of workplace?
a. inclusive b. profit driven c. exclusionary d. internally focused
Which of the following would be a breach of the implied warranty of merchantability?
A) A wall paint that works fine for all walls, except for stucco, which is what the buyer bought it for B) A lawn mower that does not cut the grass C) A stereo that had been stolen by the seller D) A cherry pit in a cherry pie, if using the foreign substance test