Which questions are also known as probing questions?
a. Closed
b. Open
c. Primary
d. Secondary
d. Secondary
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Which of the following is a collection of overhead costs related to a cost object?
a. Cost driver b. Cost function c. Cost equation d. Cost pool
Which of the following is NOT true of reference groups?
A) Reference groups do not carry the weight of authority. B) Consumers look to reference groups to guide their buying behavior. C) Individuals use reference groups to anchor their own beliefs and attitudes. D) Reference groups are familiar to consumers. E) Reference groups are not a recent phenomenon.
International markets often differ widely because of great variations in the uncontrollable environmental forces.
Answer the following statement true (T) or false (F)
When a JIT is implemented, which of the following changes in the accounting system would not be expected?
a. fewer cost allocation. b. combining raw material and materials in work-in-process into one product cost category. c. Combining labor and overhead into one product cost category. d. elimination of the standard costs.