Activity-based management (ABM) can be used to make pricing and product mix decisions

Indicate whether the statement is true or false


TRUE

Business

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Suppose a management accountant becomes aware that a poor judgment he or she made has resulted in the loss of one of the company's clients. Is the accountant bound to share this information with the company? (The accountant doubts that the company will ever find out about it directly.)

A) The management accountant is bound to respond honestly to inquiries regarding the adequacy of professional judgments but is not bound to communicate them if not directly asked. B) The management accountant is bound to communicate this error in judgment only if another client cannot be found. C) The management accountant is not bound to communicate this error. D) The management accountant is bound to communicate unfavorable and favorable judgments made, even if not directly asked.

Business

How can a company benefit from just in time inventory techniques?

What will be an ideal response?

Business

______ is typically achieved through statistical analysis.

a. Model verification b. Validation c. Model formulation d. Experimentation

Business

International law attempts to reconcile the authority of each nation over its own affairs with its desire to benefit from trade and harmonious relations.

Answer the following statement true (T) or false (F)

Business