The seller may prepay the freight costs even though the terms are FOB shipping point
Indicate whether the statement is true or false
True
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For each of the following efficiency standards, indicate which parties are responsible for the standard and list one factor that should be used in setting the standard.
According to generally accepted accounting principles, the proper accounting treatment for the cost of a trademark that management feels will retain its value indefinitely is to
a. write the cost off immediately. b. amortize the cost over a reasonable life. c. amortize the cost over five years. d. carry the cost as an asset indefinitely.
Managers believe employees will work hard when they feel commitment to the organization.
Which of the following is a problem posed by outsourcing to private-sector companies?
A) loss of jobs in domestic market B) increased interference of politicians because of their support C) increased cost of manufacturing goods D) decreased exports to developing countries