Scenario analysis is technically considered forecasting and attempts to explore and prepare for possible future scenarios that may have a significant negative impact on the costs and operations of an organization
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which one of the following adjustments increases net income for the period?
a. Recognition of the amount of supplies used b. Recognition of interest on a note receivable c. Recognition of wages earned, but not paid to employees d. Recognition of rent costs that had been paid to the landlord in advance
Answer the following statements true (T) or false (F)
1.Although an import tariff provides the domestic government additional tax revenue, it benefits domestic consumers at the expense of domestic producers. 2.An import tariff reduces the welfare of a "small" country by an amount equal to the redistribution effect plus the revenue effect. 3.The deadweight losses of an import tariff consist of the protection effect plus the consumption effect. 4.The redistribution effect is the transfer of producer surplus to domestic consumers of the import-competing product. 5.If a country accounts for a negligible portion of international trade in a particular product, its levying an import tariff on that product necessarily increases its overall welfare.
Which of the following statements is an advantage of using distribution centers over direct store delivery?
A. Individual stores that forecast and draw from a DC are more cost efficient. B. The DCs enable the retailer to carry less overall inventory. C. The DC can always deliver faster than a vendor. D. The DCs have the advantage of keeping extra merchandise as backup stock in the store. E. Direct store delivery is always more expensive.
Period costs are initially recorded in asset accounts and are later expensed in the period when the related units are sold.
Answer the following statement true (T) or false (F)