A supply chain:
A. Is similar in function and purpose to the value chain.
B. Does not apply to a service firm like an accounting firm.
C. Refers to the supplies needed to build products.
D. Refers to the flow of materials, information, payments and services.
Answer: D
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What is the ultimate objective of accounting information?
A) faithful representation B) decision usefulness C) relevance D) predictive value
A direct labor rate variance would occur in which of the following?
A) When a production employee takes an unplanned break B) When a production employee spends more time producing one product than was expected C) When a low-paid production employee performs a task higher than his or her assigned level D) When a production employee incurs overtime hours at the same hourly rate as regular pay
In the AIDA model, the D stands for ________
A) demand B) desire C) data D) do-it-yourself E) decoding
What is that main criticism of Hofstede’s work in your textbook?
a. Hofstede incorrectly believes in the cultural homogeneity of nations b. One cannot assume that an organization is representative of a nation’s homogenous values system, when the nations citizens, whom they recruit, are pluralistic in their ethnic and cultural identities c. IBM is a firm fostering individual differences and culture from within the countries it operates. So Hofstede’s findings are reflective of the organization rather than national culture. d. Both a and b