Answer the following statements true (T) or false (F)
The European Union has extended consolidation accounting to firms within its member states under a very wide group of circumstances where one firm has substantive control over one or more other firms.
ANSWER: T
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Answer the following statements true (T) or false (F)
1. In terms of strategic planning, top and middle managers are more involved with planning, whereas the lower-level functional managers and employees implement the operational strategies on a day-to-day basis. 2. An important part of controlling is staying within the budget when appropriate or changing it when necessary to meet changes in the dynamic environment. 3. One reason strategic plans fail is that no action is taken to implement the strategy. 4. The current global trend is for companies to go it alone and compete head on. 5. While selecting strategies and planning, implementing, and controlling them, be sure to be ethical at all stages.
After Carson opened up his new sports bar/restaurant, he determined that students from the nearby college campus will provide him with the best opportunity to maximize sales, so he is concentrating his marketing efforts on this group which will be his
A. marketing segment. B. target sector. C. target market. D. primary market. E. primary segment.
Productivity is generally more difficult to improve in the service sector than in the manufacturing sector
Indicate whether the statement is true or false
Barricades Corporation provided the following information for the year
Beginning Balance-Work-in-Process Inventory $27,000 Ending Balance-Work-in-Process Inventory 56,000 Beginning Balance-Raw Materials Inventory 83,000 Ending Balance-Raw Materials Inventory 60,000 Purchases-Raw Materials 360,000 Direct Labor 471,000 Indirect Labor 18,000 Depreciation on Factory Plant and Equipment 25,000 Plant Utilities and Insurance 271,000 What was the amount of direct materials used in production during the year? A) $66,000 B) $360,000 C) $383,000 D) $831,000