Which stage of the planning process is Miteron Corp. involved in if it is assessing how well alternative plans meet high-priority goals while considering the cost of each initiative and the likely investment return?
A. monitoring and controlling performance
B. evaluating goals and plans
C. implementing goals and plans
D. selecting goals and plans
E. analyzing the situation
Answer: B
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Variable costing is utilized to evaluate the performance of
a. investment centers. b. revenue centers. c. discretionary cost centers. d. profit centers.
The purchasing agent is responsible for developing the direct materials quantity standard
Indicate whether the statement is true or false
Which of the following is correct with regard to treasury shares?
a. The acquisition of such shares by the corporation is a distribution to shareholders with an effect similar to that of a dividend. b. Under the Revised Act, treasury shares are unauthorized but issued. c. The 1980 amendments to the MBCA eliminated the concept of treasury shares. d. Treasury shares are issued and outstanding.
Dumping occurs when a company exports its product to consumers in another country at an export price that is below the domestic price.
Answer the following statement true (T) or false (F)