Absorption costing considers ________ as product costs.
A) variable manufacturing overhead
B) sales salaries and commissions
C) administrative office salaries
D) advertising costs
A) variable manufacturing overhead
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. Refer to Table 2.1. If trade opens up between the United States and the United Kingdom, American firms should specialize in producing
a. cloth. b. wine. c. both cloth and wine. d. neither cloth nor wine.
Which of the following statements regarding Accounts Payable is incorrect?
A) The Accounts Payable account is decreased with a credit. B) Accounts payable occur because the business receives the goods or services before payment has been made. C) Because accounts payable are typically due in 30 days, they are current liabilities. D) Accounts payable represent debts owed to creditors.
The ________ element of the marketing mix communicates the value proposition using forms such as personal selling, advertising, coupons, and publicity
A) production B) place C) price D) distribution E) promotion
Because discontinuous change can be so ______, it requires leaders to think and act very differently in order to succeed in their change efforts.
a. widespread b. routine c. acceptable d. disruptive