A small company is likely to choose infrastructure as a service (IaaS) as it does not require much technical expertise to load operating systems on a server
Indicate whether the statement is true or false
FALSE
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Aster Inc is an American firm that manufactures motorcycles under the brand name AsterBikes. The firm conducts a market research to identify alternative sources of sales growth by leveraging its core competencies and competitive advantages
Based on its market research and analysis, the firm decides to enter the automobile industry, and introduces a line of Aster ComfortCars. In this example, Aster Inc is using which of the following offensive strategies? A) enter unrelated new markets B) develop new markets C) harvest for cash flow D) divest for cash flow E) enter related new markets
Which of the following is not a major part of a typical marketing plan?
A) Background assessment B) Situation analysis C) Forecast D) Production scheduling
Which of the following accurately describes a difference between job order and process costing systems?
A) In job order costing systems, overhead costs are treated as product costs, whereas in process costing systems, overhead costs are treated as period costs. B) Job order costing systems do not assign costs to production, whereas process costing systems do. C) In job order costing systems, costs are traced to a specific job order, whereas in process costing systems, costs are traced to work cells and then assigned to products manufactured. D) In a job order costing system, selling costs are treated as period costs, whereas they are treated as product costs in a process costing system.
Closing journal entries:
A. transfer assets and liabilities to Retained Earnings. B. transfer net income (or loss) and Dividends to Retained Earnings. C. close permanent and temporary accounts. D. transfer revenues and expenses to asset and liability accounts.