Which of the following costing methods combines the cost of units in beginning inventory with the current period costs to determine the unit production cost?
A) LIFO
B) Average cost
C) FIFO
D) Direct
B
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Seelos and Mair developed a model of _______ that leaders use to improve organizational capacity.
A. environmental analysis B. continuous improvement C. research and development D. human resource management
The capabilities and core competencies that Zara has developed in the execution of its strategy, i.e. rapid production processes and new apparel introductions, are NOT concerned with
A. leveraging Zara's core competence into a distinctive competence (or transforming a capability into a competitively superior capability), by concentrating more effort and talent than rivals on deepening and strengthening the competence or capability so as to achieve the dominance needed for competitive advantage. B. bundles of skills and know-how that grew out of the combined efforts of Zara's cross-functional work groups and departments performing complementary activities at different locations in a firm's value chain. C. cost-effectively hiring a cadre of people with the right talent and expertise, putting them together in a single work group, and then teaming the work group with Zara's key strategic allies/partners to mesh the skills, expertise, and competencies needed to perform the desired capabilities with some proficiency. D. acts to bolster skills that contributed to Zara's earlier successes, or acts to respond to customer problems, new technological or market opportunities, and the competitive maneuvers of rivals. E. evolving changes in customer needs and competitive conditions that often required tweaking and adjusting Zara's portfolio of competencies and intellectual capital to keep its capabilities freshly honed and on the cutting edge.
The principle illustrated in the Christy v. Pilkinton case is:
a. a breach of contract is material if it is an intentional breach. b. subjective impossibility does not discharge the contractual duty of the party. c. objective impossibility generally discharges the contractual duty of the party. d. commercial impracticability occurs when performance can only be accomplished under unforeseen and unjust hardship.
An increase in GDP should lead to a decrease in imports
Indicate whether the statement is true or false.