The marketing team of 7 Star Inc., a company manufacturing smartphones, is currently studying the size, density, location, age, and occupation of its target market. Which of the following environments is being studied in this scenario?
A) demographic environment
B) political environment
C) economic environment
D) technological environment
E) cultural environment
A
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Freedom, youthfulness, achievement, and materialism are characterized as U.S. ________
A) core values B) belief systems C) value systems D) coercive norms
Which of the following is a major disadvantage of MUS sampling?
a. Sample selection is relatively easy. b. Sample sizes are relatively small. c. It is easy way to test for understatement. d. It directly controls for the risk of incorrect acceptance.
The following information pertains to Genie Company: Standard materials allowed $12,000 Unfavorable materials price variance 2,000 Favorable materials usage variance 1,000 Actual payroll $20,000 Unfavorable labor rate variance 1,500 Unfavorable labor efficiency variance 500 What is the entry to record the direct materials cost and variances, assuming that the price variance is recorded when the
materials are put into production? a. Materials 12,000 Materials price variance 2,000 Accounts payable 13,000 b. Work in process 12,000 Materials quantity variance 1,000 Materials price variance 2,000 Materials 11,000 c. Work in process 11,000 Materials price variance 2,000 Materials 13,000 d. Work in process 12,000 Materials price variance 2,000 Materials quantity variance 1,000 Materials 13,000
One of the main factors to consider when using a cost-based transfer price is whether to use actual or standard costs
Indicate whether the statement is true or false