Which of the following include a society's attitudes toward such concepts as individual freedom, democracy, truth, justice, honesty, loyalty, and social obligations?
a. Traditions
b. Rituals
c. Values
d. Customs
e. norms
Ans: c. Values
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Answer the following statement true (T) or false (F)
Answer the following statements true (T) or false (F)
1. In a standard cost system, the manufacturing overhead allocated to production equals the standard overhead allocation rate multiplied by the standard quantity of the allocation base allowed for expected output. 2. To compute the variable overhead cost variance, first compute the difference between actual cost and standard cost. Then, multiply this difference by standard quantity. between actual cost and standard cost. Then, multiply this difference by actual quantity. 4. The fixed overhead cost variance measures the difference between actual fixed overhead and budgeted fixed overhead to determine the controllable portion of total fixed overhead variance. 5. The fixed overhead cost variance measures the difference between actual fixed overhead and allocated fixed overhead.
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Indicate whether the statement is true or false
Trading investments are categorized on the balance sheet as ________
A) fixed assets B) current assets C) intangible assets D) short-term liabilities