A "best practice" standard
A. is often sufficient justification for maintaining the status quo.
B. conforms to established industry standards.
C. is a measure of a company's core competence.
D. helps a company move toward performing its value chain activities more effectively and efficiently.
E. is the sole means of measuring whether or not a company performs a specific task or activity so as to achieve the lowest possible costs.
Answer: D
You might also like to view...
The Game Zone sells computer and other electronic games. The store has budgeted sales for January Year 2 as indicated in the following table. The company expects a 4 percent increase in sales for the month of February and a 3 percent increase for March.SalesJanuaryFebruaryMarchCash sales$ 40,000??Sales on account$ 80,000??Total budgeted sales$ 120,000??Required:(a) Complete the sales budget by filling in the missing amounts.(b) What is the amount of sales revenue the company will report on its pro forma income statement for the first quarter?
What will be an ideal response?
When the city of Dallas buys iPads for its restaurant inspectors to use during their visits, the purchase from Apple would be considered
A. a regulatory sale. B. a reseller purchase. C. a government purchase. D. a producer purchase. E. an institutional sale.
Details of the manufacturing activity in Amy Corporation's Assembly Department for the month of December is given below: Number of UnitsLabor and Overhead Percent CompleteWork in process inventory, Dec. 110,00070%Started in assembly during the month80,000 Work in process inventory, Dec. 3115,00040% All materials are added at the beginning of processing in the Assembly Department. The equivalent units for labor and overhead for the month, using the weighted-average method, is:
A. 80,000 B. 162,000 C. 81,000 D. 74,000
Which of the following would be a likely mathematical expression for Total Variable Cost?
a. Total Variable Cost = Production Volume × Revenue per Unit b. Total Variable Cost = Material Cost per Unit × Labor Cost per Unit c. Total Variable Cost = Total Cost – (Material Cost per Unit + Labor Cost per Unit) d. Total Variable Cost = (Material Cost per Unit + Labor Cost per Unit) × Production Volume