The choice of costing method will impact both the balance sheet and income statement.
Answer the following statement true (T) or false (F)
True
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The direct materials quantity variance is the difference between the actual quantity used and the standard quantity times the standard price
Indicate whether the statement is true or false
Given the accelerated pace of technological change, in combination with deregulation, globalization, and demographic shifts, a firm will be successful today only if its
A. competitive advantage is derived from static resource or market advantages. B. resource advantage is maintained for a short period of time. C. resource advantage is not causally ambiguous or socially complex. D. internal strengths change with its external environment in a dynamic fashion.
Firms generally do not call their convertibles unless the conversion value is greater than the call price.
Answer the following statement true (T) or false (F)
Which of the following statements about planned obsolescence is true?
A. Environmentalists support planned obsolescence. B. A company that is interested in producing a quality product would never engage in planned obsolescence. C. Style modification creates planned obsolescence. D. Planned obsolescence is not an ethical issue. E. All of the statements about planned obsolescence are true.