Generally accepted accounting principles restrict or limit a company's freedom to change inventory cost flow methods from one year to the next.
Answer the following statement true (T) or false (F)
True
A change in inventory cost flow method must be justified by reasons other than earnings management.
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The marketing plan, the central instrument for directing and coordinating the marketing effort of a company, operates at the ________ levels
A) functional and operational B) strategic and tactical C) corporate and operational D) customer and expenditure E) corporate and division
Variable costs per unit vary directly with levels of production
Indicate whether the statement is true or false
A ___________ is the name given to an operation in a synchronous manufacturing system whose output sets the limit for the entire system's output.
A. bottleneck B. strangle point C. limiting point D. critical operation
Why is it necessary to have an outline of the organizational structure in the controls section of the marketing plan?
A. because it helps hold specific departments and individuals responsible for the parts of the plan that fall under their control B. because it shows how the company will be affected if the marketing plan does not achieve results C. because it specifies how the marketing plan affects each and every department in the organization D. because it provides a detailed account of how the specific actions of the plan will be carried out and who will be responsible for carrying them out E. because it helps to identify what the weak links are in the organization