Answer the following statements true (T) or false (F)
Hypotheses and theories are based on an informal method of investigation.
ANSWER: F
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Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the fixed overhead volume variance. A) $5,000 (U) B) $10,000 (U) C) $10,000 (F) D) $15,000 (F)
Why may a JIT control system be useful in disclosing a firm's inefficiencies and problems?
What is the foremost strategic issue that must be addressed by firms when operating in two or more foreign markets?
A. deciding on the resources and capabilities of allies B. deciding on the degree to vary its competitive approach to fit the specific market conditions and buyer preferences in each host country C. deciding on the appropriate level of sustainable profitability D. deciding on the relative cost competitiveness of the home country E. deciding on the degree of globalization to maintain expansion capabilities
. Put the following in order of increasing relevance (from low to high) to founding new ventures: idea generation creativity opportunity recognition
a. creativity, idea generation, opportunity recognition b. creativity, opportunity recognition, idea generation c. idea generation, creativity, opportunity recognition d. idea generation, opportunity recognition, creativity