When an organization makes products domestically and sells them abroad, it indulges in ________.
A. importing
B. exporting
C. licensing
D. franchising
Answer: B
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Which of the following statements is true of manufacturing company accounting?
a. Inventories are divided into two separate accounts; b. Cost of Goods Sold shows both a debit and a credit balance on the work sheet; c. The factory overhead account includes all depreciation expenses for the company; d. At year-end, the balance in the factory overhead account is closed to Finished Goods Inventory; e. none of these statements is true
Marta gives orders but doesn’t want to know how they are carried out, lest she be blamed for any illegal activities. She is using which strategy?
A. plausible deniability B. blurring lines of authority C. division of labor D. compartmentalization
Discuss the following statement: "As long as the total variable overhead variance is small, the managers can be assured that actual activity is proceeding as planned. No further action is necessary."
Looking at the competing values framework, which type of culture is a welcoming place, where employees openly share and form strong personal relationships, leaders tend to be perceived as mentors and coaches who focus on bringing out the best in each of their employees, and the success of the company is gauged against the performance and satisfaction of their employees?
a. Hierarchy b. Adhocracy c. Market d. Clan