Which of the following statements is false?
a. Cost drivers help identify cost as related to product variety and product complexity.
b. Examples of volume-related cost drivers are work orders and distance traveled.
c. Cost drivers promote the effective and efficient management of cost.
d. Unit costs are caused by the production or acquisition of a single unit of product or the delivery of a single unit of service.
b
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McClure Corp purchased raw materials with a cost of $86,000. Credit terms of 3/10, n/60 apply. If McClure uses the net price method, the purchase should be recorded as
A) $77,400 B) $86,000 C) $83,420 D) $88,580
Advantages of cloud computing include all of the following except
a. Access to whatever computing power is needed b. Paying only for what is used c. Unknown data processing location d. Flexible, short term contracts
Drill-down capability is an OLAP feature of data mining tools
Indicate whether the statement is true or false
Generally, large samples are desirable in social media research
Indicate whether the statement is true or false