Mergers of chapters within a federated organization are ______:
A. takeovers
B. intermergers
C. intramergers
D. collaborations
B. intermergers
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Answer the following statements true (T) or false (F)
1. A standard cost system is an accounting system that uses standards for product costs. 2. Setting standard costs is a function of the company's production department and does not require input from other departments. 3. Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel. 4. Companies conduct time-and-motion studies and use benchmarks from other companies when developing standards. 5. Developing efficiency standards based on best practices is called benchmarking. An efficiency variance measures how well a company keeps unit costs of material and labor inputs within standards.
Which of the following is true with regard to problems faced by international researchers?
A) Translation of questionnaires increases research costs and risks of error. B) Erratic purchasing patterns limit data reliability and validity. C) More often than not, cultural differences enrich research findings. D) Diverse markets always yield conflicting data. E) The primary data obtained by international researchers are almost always error prone.
When using the direct charge-off method, year-end adjustments for uncollectible accounts expense are not made
Indicate whether the statement is true or false
A gain or loss on realization is divided among partners according to their
A) income sharing ratio B) capital balances C) drawing balances D) contribution of assets