Companies spend too much time ensuring they have current and frequent postings on social media sites; they aren't that important.
Answer the following statement true (T) or false (F)
False
One of the challenges for organizations is the never-ending need for currency and immediacy of postings on social network sites.
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What does a cost variance measure?
A) the difference between the cost the company pays and the cost its competitors pay B) the change in costs over time C) how well the business keeps unit costs of material and labor inputs within standards D) the volume discounts companies receive when ordering direct materials in large quantities
Describe the accrual basis of accounting
[The following information applies to the questions displayed below.] Tarnish Industries produces miniature models of farm equipment. These collectibles are in great demand. It takes two operations, molding and finishing, to complete the miniatures. Next year's expected activities are shown in the following table: MoldingFinishingDirect labor hours 75,000DLH 160,500DLHMachine hours 98,000MH 81,500MHTarnish Industries uses departmental overhead rates and is planning on a $2 per direct labor hour overhead rate for the molding department. Compute the estimated manufacturing overhead cost for the molding department given the information shown in the table.
A. $225,000 B. $471,000 C. $196,000 D. $150,000 E. $321,000
Implied ratification of an agent's unauthorized acts can occur through the silence of the principal
a. True b. False Indicate whether the statement is true or false