U.S. producers have the right to go to the International Trade Commission to request a tax be imposed on products from foreign countries that it claims are being subsidized by a foreign government in production
a. True
b. False
Indicate whether the statement is true or false
True
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A S.W.O.T. analysis
A. identifies a firm's "strengths, weaknesses, opportunities, and threats." B. focuses on what a firm plans to do to "Satisfy Wishes of a Target" customer. C. helps defend against potential competitors by developing a set of competitive "safeguards, weapons, offensives, and tactics." D. seeks to reduce the risk of competitive surprises by scanning the market for "signals, warnings, omens, and tips." E. summarizes a firm's "strategy, wishes (of its customers), outlook, and tactics."
Subsidiary ledgers are used in manual accounting environments. What file is comparable to a subsidiary ledger in a computerized environment?
a. archive file b. reference file c. transaction file d. master file
Woodies Inc produces wooden desks. Which of the following is not an indirect material for Woodies?
A) Wood in a desk B) Nails in a desk C) Screws in a desk D) Lubricants for production machinery
Activity-based costing and generally accepted accounting principles differ in that ABC
a. does not differ product costs in the same manner as GAAP. b. cannot be used to compute an income statement, but GAAP can. c. information is useful only to managers, while GAAP information is useful to all organizational stakeholders. d. is concerned only with costs generated from automated processes, but GAAP is concerned with costs generated from both manual and automated processes.