Which of the following is/are true about goodwill?
a. Goodwill reflects the value of knowledgeable employees.
b. Goodwill reflects the value of a reputation for quality products.
c. Under both U.S. GAAP and IFRS, goodwill has an indefinite life, and firms do not amortize the amount recognized as goodwill.
d. Firms must test goodwill annually for a loss in value.
e. all of the above
E
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Many of the decisions that managers make do not affect their organization's activities in the short run
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
Only transactions having a direct effect on fund accounts were included in the statement of changes in financial position.
Amy's Drive-Thru, a fast food facility, offers healthy, sustainably grown veggie and vegan fast food at higher prices than its competitors in the market and has a drive-through and indoor seated casual dining operation. What strategy is Amy's Drive-Thru using to gain competitive advantage?
A. a focused low-cost strategy B. a best-cost provider strategy C. a low-cost provider strategy D. a differentiation strategy E. a broad differentiation strategy
If a bottleneck process has a processing rate of 20 units per hour, what is the processing rate of the system?
a. Less than 20 units per hour b. 20 units per hour c. More than 20 units per hour d. The processing rate cannot be determined from the information given