Which of the following factors would increase the pressure for local responsiveness?
A. pressure on a company to reduce costs significantly
B. a food product that has international popularity
C. a technical component used in electronic devices worldwide
D. the existence of widely worn traditional clothing styles
E. the existence of competitors engaged in global strategic coordination
Answer: D
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Bellarim Corporation made cash sales to customers. What effect does this transaction have on the accounting equation?
A) Liabilities and retained earnings increase B) Assets and liabilities increase C) Assets and retained earnings increase D) There is no net effect on the accounting equation, as one asset account increases while another asset account decreases.
Warren Company applies overhead based on direct labor cost. Warren Company estimated that it would incur $180,000 in manufacturing overhead costs and $120,000 of direct labor costs during the current year. Actual manufacturing overhead cost totaled $150,000 and actual direct labor costs totaled $110,000 during the current year. If total manufacturing costs were $320,000, what amount of direct materials was used during the year?
A. $45,000 B. $60,000 C. $30,000 D. None of these.
Unlike directors and shareholders, officers are agents of a corporation
Indicate whether the statement is true or false
Over the period 1970 through 2006, the average annual return on stocks was about 11%
Indicate whether the statement is true or false.