In a process costing system, each department's production costs are transferred to the next department and ultimately to the Finished Goods Inventory account
Indicate whether the statement is true or false
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Shelina, who runs a motorbike riding camp for girls, is considering the creation of an effective compensation system for her staff. What should Shelina do first?
A. pay employees a bonus for each strategic and financial objective that the company achieves. B. establish ethical compensation policies and convince employees that they are the firm's most valuable competitive asset. C. generously reward and recognize people who meet or beat performance targets and deny rewards and recognition to those who don't. D. design monetary and nonmonetary incentives that boost labor productivity and help lower the firm's overall labor costs. E. allow employees to propose what rewards they would like to receive to achieve the company's stretch objectives.
As compared to the internal rate of return (IRR), the net present value (NPV) technique of capital budgeting is considered a better measure of profitability because:
A. the internal rate of return (IRR) does not allow you to determine if the project is acceptable. B. the net present value (NPV) is the only method that allows you to determine which independent project is acceptable. C. the net present value (NPV) technique gives a direct measure of the dollar benefit (on a present value basis) tothe firm's shareholders. D. the internal rate of return (IRR) for a project is different for each firm. E. the net present value (NPV) contains information about a projects "safety margin," which is not inherent in the internal rate of return (IRR).
Case-Based Critical Thinking QuestionsCase 8-2Elena is a Marketing Manager for a growing Internet business called Rainmaker Teas. Elena is researching the different types of online ads that are available to use in the launch of their five new white tea flavors.Rainmaker teas has a logo for each category of tea, and in keeping with the rain/sky theme, the logo for the white teas is a white cloud. Elena plans to have a white cloud with some promotional information float across the screen. This is an example of a(n) ____ ad.
A. floating B. moving C. animated D. flash
One approach to quality assurance is to test the code for a completed unit of software by actually entering test data and comparing the results with the expected results in a process called______
a. dynamic testing b. user acceptance testing c. integration testing d. static testing