The cost/benefit study attempts to answer the questions, "which alternative accomplishes the user's goals for the least cost (or greatest benefit)?" and "which alternative best accomplishes a user's goals for the system being developed?"
Indicate whether the statement is true or false
F
You might also like to view...
Sandra, an American worker, is sent on an overseas assignment to London
To practice good cross-cultural etiquette, she should say something like this to her English work associates, "I am proud to be an American, so when I am here I will practice American etiquette." Indicate whether the statement is true or false.
Grand Canyon Food Products is famous for its frosted fruit cake
The main ingredient of the cake is dried fruit, which Grand Canyon purchases by the pound. In addition, the production requires a certain amount of direct labor. Grand Canyon uses a standard cost system, and at the end of the first quarter, there was an unfavorable direct materials efficiency variance. Which of the following is a logical explanation for that variance? A) The production manager negotiated a lower wage package for production staff, bringing direct labor costs down. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements wasted a large amount of dried fruits during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the fruit for less than the amount set by standard. D) The production staff changed the work flow process so that production required fewer direct labor hours.
Peak & Vale Accountants provides other firms with accounting services. Questions of what is ethical involve the extent to which Peak & Vale has
a. a legal duty beyond those duties mandated by ethics. b. an ethical duty beyond those duties mandated by law. c. any duty beyond those mandated by both ethics and the law. d. any duty when it is uncertain whether a legal duty exists.
The market value (price) of a bond is equal to:
A. The present value of all future cash payments provided by a bond. B. The present value of all future interest payments provided by a bond. C. The future value of all future cash payments provided by a bond. D. The future value of all future interest payments provided by a bond. E. The present value of the principal for an interest-bearing bond.