Managers can use variable costing information for internal decision making, but they must use absorption costing for external reporting purposes.
Answer the following statement true (T) or false (F)
True
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What is the point of difference between illegal gratuity and bribery scheme?
a. Compared to illegal gratuities, briberies occur relatively infrequently and are usually quite small. b. Illegal gratuities do not necessarily involve an intent to influence a business decision but rather to reward someone for making a favorable decision. c. Illegal gratuities usually involve the use of actual or threatened force, fear, or economic duress. d. Illegal gratuities are made before deals are approved.
A salesperson asks the prospect," What do you think about our new line of products?" Which approach is being used?
A. Opinion B. Curiosity C. Customer benefit D. Product E. SPIN
Scenario analysis draws on a range of disciplines and interests. It is a more ________ approach to forecasting.
A. basic B. superficial C. fundamental D. in-depth
When no delivery terms are specified in a contract for a sale of goods, there is no basis for determining a remedy
Indicate whether the statement is true or false