In an activity framework controlling costs translates into
A) reducing direct labor hours.
B) managing activities.
C) selling more goods.
D) careful identification of resource drivers.
E) all of these.
B
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Indicate whether each of the following statements about financial statement analysis is true or false.The reason behind a financial statement ratio or percentage analysis result is usually self-evident and does not require further study or analysis.In horizontal percentage analysis, an item from the financial statements is expressed as a percentage of the same item from a previous year's financial statements.Horizontal analysis for several years can be done by choosing one year as a base year and calculating increases or decreases in relation to that year.One form of horizontal analysis is the preparation of common size financial statements.Vertical analysis compares two or more financial statement items within the same time period.
What will be an ideal response?
Marginal cost is the change in total cost resulting from a one-unit change in output
Indicate whether the statement is true or false
Hatch and Schultz (2001) argue that expressive organizations align three major organizational features: vision (strategy), culture (employees), and image (brand) by analyzing the three possible gaps between them. One gap is the image-vision gap which refers to _______________.
a. There is conflict between the organizations vision and how the organization is being perceived in its own environment b. Management develop a vision not shared by employees, and which alienates or separates employees from the strategy of the organization c. Employees behave in ways that are inconsistent with the organizations espoused image d. The community has difficulty in telling the difference between the organization’s vision with that of its image
What is net realizable value? How is net realizable value affected when a receivable is written off under the allowance method?
What will be an ideal response