A standard cost system records costs at their actual amounts.
Answer the following statement true (T) or false (F)
False
A standard cost system records costs at standard, not actual, amounts.
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What is human capital?
A. the development of a pool of applicants for jobs in an organization B. the credits that employees can spend on the benefits they desire C. the strategic value of employee knowledge and abilities D. the total amount of wages and salaries that a company pays annually E. the total value of the benefits package provided to an employee
________ is a "what if" technique that estimates profit or loss results if sales price, costs, volume, or underlying assumptions change.
A) High-low method of analysis B) Sensitivity analysis C) Contribution margin D) Operating leverage
Which of the following actions is taken to reduce the collections period for receivables of a firm??
A. ?Increasing the sales of the firm B. ?Decreasing the purchases of the firm C. ?Modifying the credit policy of the firm D. ?Changing the inventory valuation method of the firm E. ?Revising the working capital policy of the firm
Which of the following has the least interest rate risk?
A) an AT&T bond maturing in 15 years B) a 15-year U.S. Treasury bond C) a six-month unsecured promissory note from International Harvester D) an eight-year investment certificate from a federally insured bank