Which of the following is NOT one of the forces that drives countries to form regional market zones?
A. religious values
B. geographic proximity
C. cultural similarities
D. political
E. economic
Answer: A
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Which of the following describes working capital?
A) Current assets minus merchandise inventory B) Current assets minus current liabilities C) Total debt minus stockholders' equity D) Cost of goods sold divided by average merchandise inventory
Stock options do not require a cash outlay from the company, while stock appreciation rights often do require a cash outlay
Indicate whether the statement is true or false
Compare and contrast job-order and process costing systems
Under variable costing, which of the following is not considered a product cost?
A) Direct materials B) Direct labor C) Fixed manufacturing overhead D) Variable manufacturing overhead