A forum in which suppliers and demanders of funds make financial transactions is called a financial
A) institution.
B) bank.
C) instrument.
D) market.
Answer: D
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Activity analysis is one of the first stages in implementing activity-based cost management (ABCM). Which of the following steps in activity analysis is usually performed first?
A. Continuously improve the efficiency of all value-added activities and develop plans to eliminate or reduce nonvalue-added ones. B. Classify all activities as value-added or nonvalue-added. C. Chart, from start to finish, the activities used to complete the product or service. D. Identify the process objectives that are defined by what the customer wants or expects from the process.
Hofstede’s five dimensions on which culture differs include all of the following except ______.
A. uncertainty avoidance B. masculinity-femininity C. performance orientation D. long-term-short-term orientation
Under the UCC, an acceptance must always be identical to an offer for a valid contract to be formed
Indicate whether the statement is true or false
Valera Corporation makes a product with the following standards for labor and variable overhead: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect labor 0.4hours$21.00per hour$8.40 Variable overhead 0.4hours$6.00per hour$2.40 ?The company budgeted for production of 5,300 units in July, but actual production was 5,400 units. The company used 2,130 direct labor-hours to produce this output. The actual variable overhead rate was $6.10 per hour. The company applies variable overhead on the basis of direct labor-hours.The variable overhead rate variance for July is:
A. $213 U B. $216 U C. $213 F D. $216 F