Which of the following is not an example of a manufacturing overhead cost?
A) Shipping charges on finished products
B) Indirect materials
C) Indirect labor
D) Depreciation on factory equipment
A
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Which of the following is an example of a period cost?
A) research and development B) selling and marketing C) general accounting D) all of these
In order to be successful with a low-cost leadership strategy, company managers have to
A. develop and market products and services at that absolute lowest possible cost. B. pursue backward or forward integration to deter suppliers or buyers with considerable bargaining power and leverage. C. eliminate wholesale and retail intermediaries and instead sell directly to users of their product or service. D. perform value chain activities more cost-effectively than rivals and be proactive in revamping the firm's overall value chain to eliminate or bypass "nonessential" cost-producing activities. E. outsource the majority of value chain activities to nations that have lower wage rates and fewer regulations.
What is meant by "common language"? How does common language help professionals manage quantities of data efficiently?
When the parties to a contract agree in advance to the amount of damages payable upon a breach of contract, these damages are called ________.
A. special damages B. compensatory damages C. punitive damages D. liquidated damages