Ideal standards generally yield unfavorable variances
Indicate whether the statement is true or false
T
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Answer the following statements true (T) or false (F)
1. In the long run, competitiveness depends on an industry's natural resources, its stock of machinery and equipment, and the skill of its workers in creating goods that people want to buy. 2. If a nation has an open economy, it means that the nation allows private ownership of capital. 3. Increased foreign competition tends to increase profits of domestic import-competing companies. 4. . A firm needs to reduce its production costs. One alternative to moving the production overseas where labor costs are generally lower is to move production to the southern United States where non unionized workers are more plentiful. 5. The term "economic interdependence" implies that the wealth and success of one country impacts the wealth and success of another country.
All of the following are relevant in a sell-or-process-further decision except
A) sales value at the split-off point. B) sales value after further processing. C) additional processing costs. D) joint costs.
The trend in job-order costing is to
a. eliminate the data entry function for the accounting system. b. automate the data collection and data entry functions. c. use accounting software to change the focal point of the job-order system. d. create an Intranet to share information between competitors.
As a leader of the meeting it is your responsibility to help participants reach a decision on an issue problem or direction
Answer the following statement(s) true (T) or false (F)