Consumption ratios are useful in determining:
A. if overhead-producing activities are being utilized effectively.
B. if overhead-producing activities are being utilized efficiently.
C. overhead that is incurred at the unit level.
D. if overhead costs are being applied to products.
E. the existence of product-line diversity.
Answer: E
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Lawson Corporation's checkbook balance on December 31 . 2014, was $8,000 . In addition, Lawson held the following items in its safe on December 31: Check payable to Lawson Corporation, dated January 2, 2015, not included in December 31 checkbook balance.. $2,000 Check payable to Lawson Corporation, deposited December 20, and included in December 31 checkbook balance, but returned by bank on
December 30, stamped "NSF." The check was redeposited January 2, 2015, and cleared January 7 .. 400 Post-dated checks ....................................... 150 Check drawn on Lawson Corporation's account, payable to a vendor, dated and recorded December 31 . but not mailed until January 15, 2015 .................................. 1,000 The proper amount to be shown as cash on Lawson's balance sheet at December 31 . 2014, is a. $7,600. b. $8,000. c. $8,600. d. $9,750.
All of the following describe the effects of globalization except:
A) significant decreases in operating costs. B) reduction of labor costs through outsourcing. C) ability to find low-cost suppliers. D) increases in transaction costs. E) replication of business models in multiple countries.
________ bonds are bonds that are scheduled for maturity on one specified date.
What will be an ideal response?
The primary aim of strategic management at the business level is
A. achieving competitive advantage(s). B. achieving a low-cost position. C. maximizing differentiation of products and/or services. D. maximizing risk-return trade-offs through diversification.