Inventory should be valued using the lower-of-cost-or-market rule.
Answer the following statement true (T) or false (F)
True
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During the month of March, Baker's Express purchased 10,000 pounds of flour at $1 per pound. At the end of March, Baker's Express found that it had an unfavorable materials price variance of $500. The standard cost per pound must be
A) $1.95 B) $1.00 C) $1.05 D) $0.95
The major value drivers that managers have at their disposal include product features, customer service, and complements.
Answer the following statement true (T) or false (F)
Vim+Vigor Fitness Corporation uses a Web site to provide downloadable information to prospective franchises. This online information is the equivalent of an offer that must comply with
A. no law. B. the Uniform Commercial Code. C. the Federal Trade Commission's Franchise Rule. D. the state Franchise Disclosure Document, or FDD.
Which of the following is not a reason why systems planning is so difficult?
A) the stable technological environment B) the need for project portfolios C) the need to involve all top managers D) the alignment of business goals and system plans