Which of the following is true for activity-based costing (ABC)?
A) ABC considers the real costs associated with each product.
B) With ABC, the company can estimate all costs coming from the customer, less revenue.
C) The tools of ABC can be used to conduct customer profitability analysis.
D) It identifies the costs of products and services based on the revenue they generate.
E) ABC allocates indirect costs in proportion to direct costs.
C
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Prior to opening her new restaurant, Nia is determining what items to offer on the menu, the anticipated profits and expenses, the tasks of various employees, and how those jobs will be handled. Nia is creating her
A. business model. B. mentoring plan. C. code of ethics. D. risk statement. E. code of business.
A prime contractor provides a turnkey solution, so-called because the buyer only has to turn one key to get the job done
Indicate whether the statement is true or false
Which of the following formulas is the right formula for calculating contribution margin ratio?
A) Contribution margin ratio = Contribution margin + Net sales revenue B) Contribution margin ratio = Contribution margin / Net sales revenue C) Contribution margin ratio = Contribution margin × Net sales revenue D) Contribution margin ratio = Contribution margin - Net sales revenue
Appliance maker Whirlpool assigns individual teams of salespeople to big retail customers such as Sears, Lowe's, Best Buy, and Home Depot. Each Whirlpool sales team aligns with the large customer's buying team
Whirlpool has most likely adopted a ________ sales-force structure. A) product B) team-based C) territorial D) market E) complex