On a CVP graph, the total variable cost line intersects the y-axis at zero
Indicate whether the statement is true or false
T
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Which of the following is TRUE regarding the steps to reducing setup times?
A) The first step involves performing as much setup preparation as possible while the process/machine is operating. B) The cycle of steps is repeated until setup time is reduced to under a minute. C) The standardization of both tooling and work procedures is advantageous to setup time reduction. D) Move material closer and improve material handling are done before operator training. E) All of the above are true.
The cash budget is composed of four elements: cash receipts, cash disbursements, depreciation, and
the net change in cash for the period. Indicate whether the statement is true or false
Once marketing managers have determined a global product and promotion strategy, they can select the remainder of the marketing mix. However, entry into many developing nations presents special pricing problems because:
A. the rate of capital accumulation exceeds the rate of population growth B. exchange rates caps C. of price discrimination D. there is a lack of mass purchasing power E. advertising time on television is available for sale in all developed countries
The variable overhead efficiency variance measures the difference between the actual level of activity and the standard activity allowed for the actual output, multiplied by the variable part of the predetermined overhead rate.
Answer the following statement true (T) or false (F)