The pricing method that establishes selling prices based on a specified rate of return on the assets employed in the operation is
A) target cost pricing.
B) return on assets pricing.
C) time and materials pricing.
D) gross margin pricing.
B
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What is the relationship between the Securities and Exchange Commission and accounting standard setting in the United States?
A) The SEC requires all companies listed on an exchange to submit their financial statements to the SEC. B) The SEC coordinates with the FASB in establishing accounting standards. C) The SEC has a mandate to establish accounting standards for corporations listed in the U.S. capital markets. D) The SEC reviews financial statements for compliance with U.S. GAAP or IFRS.
A compilation performed in accordance with AICPA standards may be performed by CPAs or accountants who are not certified or licensed
a. True b. False Indicate whether the statement is true or false
When Ringler set up a demonstration booth to learn about consumers' feelings toward her vacuum cleaner, she was doing which of the following?
A) concept testing B) marketing strategy C) idea screening D) business analysis E) commercializing
The level of ______ refers to the amount of input from customers, which determines whether operations are make to stock, assemble to order, or make to order.
a. operations flexibility b. customer involvement c. automation d. product variation