In most companies, machines break down occasionally and employees are often less than perfect. Which type of standard acknowledges these characteristics when determining the standard cost of a product?
A) Efficiency standard
B) Ideal standard
C) Practical standard
D) Budgeted standard
C
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Which of the following is not a benefit of using RFID over traditional bar codes?
A. RFID updates the data stored. B. One benefit of item-level RFID is to reduce theft. C. The data on the devices can be acquired without a visual line of sight. D. Reduced inventory turnover. E. RFID holds more data stored on the device.
In social situations, including the organizations in which we work, we often rely on information from ______ for guidance about how to act or feel.
a. ourselves b. others c. employee handbooks d. television
When bonds are redeemed by the issuer prior to their maturity date, any gain or loss on the redemption, if material, is
a. amortized over the period remaining to maturity and reported as an extraordinary item in the income statement. b. amortized over the period remaining to maturity and reported as part of income from continuing operations in the income statement. c. reported in the income statement as an extraordinary item in the period of redemption. d. reported in the income statement as part of income from continuing operations in the period of redemption.
In an F.O.B. place of destination, the buyer has to bear the expense and risk of loss until the goods are tendered at the place of destination
Indicate whether the statement is true or false