Cannibalization is a major challenge facing book publishers.
Answer the following statement true (T) or false (F)
False
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A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $9 per square foot, net of purchase discount. Freight-in amounts to $0.30 per square foot. Basic wages of the assembly line personnel are $19 per hour. Payroll taxes are approximately 23% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.)
A) $4.37 B) $19.00 C) $23.37 D) $32.37
Answer the following statements true (T) or false (F)
The Chartered Financial Analysts’ business reporting model for equity investors shows a preference for relevance over reliability.
Procter & Gamble wanted Crest Vivid White Toothpaste to stand out from competitor brand toothpastes on store shelves, so it created a stand-up package and used a graphics-heavy box. In the context of objectives of packaging, the company focuses on ________.
A. protection B. usage promotion C. harmony D. quality E. communication
Top-level managers are responsible for ________ strategies.
A. differentiation B. corporate C. competitive D. functional