Gormath Inc., a shoe manufacturing company, employs 750 workers to create handcrafted shoes. In the context of factors of production, the employees of Gormath Inc. can be classified as _____.
A. human resources
B. entrepreneurs
C. capital
D. natural resources
Answer: A
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What will be an ideal response?
In activity-based costing, how are cost drivers selected?
A composition provides a longer period of time for a debtor to pay his or her debts
Indicate whether the statement is true or false
Flexibility of practice when applied to managerial accounting means that:
A. Managerial accountants must be on call twenty-four hours a day. B. Managerial accounting systems differ across companies depending on the nature of the business and the arrangement of its internal operations. C. Managers must be willing to accept the information as the accountants present it to them, rather than in the format they ask for. D. The information must be presented in electronic format so that it is easily changed. E. Managers must be flexible with information provided in varying forms and using inconsistent measures.