A system for accumulating detailed information about the cost of producing a product is known as a
a. product costing system.
b. cost accounting system.
c. financial accounting system.
d. managerial accounting system.
b
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Which of the following core dimensions developed by Hackman and Oldham considers perceived knowledge of results as its direct psychological effect?
A. Task identity B. Autonomy C. Feedback D. Skill variety
Avco Restaurants contracts to purchase $10,000 worth of specially-manufactured tablecloths and
napkins with its distinctive logo on them. After the seller completes them, Avco wrongfully refuses to accept or pay for these goods. These goods cannot be sold in the open market. If the seller sues Avco, what is the proper measure of damages? A) Contract price less resale price B) Lost profits C) Fair market value less contract price D) Contract price E) Cover price less contract price
The lack of coordination within a supply chain will result in a decrease in
A) manufacturing cost. B) inventory cost. C) replenishment lead time. D) level of product availability.
Which of the following statements is not true about the follow-up step of the personal selling process?
A. The salesperson should contact the customer to see if there are any problems with the product. B. Following up aids the salesperson in creating a solid relationship with the customer. C. The salesperson can try to determine the customer's future needs. D. The follow-up helps create loyalty on the part of the buyer. E. Salespeople should only follow up with dissatisfied customers.