When people practice 'Shifting' risk they are doing what?
A) Avoiding insurance
B) Transferring financial risk only
C) Assuming all consequences
D) Steering clear of risk
E) Risk cannot be shifted
B) Transferring financial risk only
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A company using a ______ strategy looks for ways to distinguish itself from its competitors.
a. low-price provider b. differentiation c. market niche d. brand image
Assuming that the Morocco Desk Co purchases 8,000 feet of lumber at $6.00 per foot and the standard price for direct materials is $5.00, the entry to record the purchase and unfavorable direct materials price variance is:
A) Direct Materials 40,000Direct Materials Price Variance 8,000Accounts Payable 48,000 B) Direct Materials 40,000Accounts Payable 40,000 C) Direct Materials 48,000Direct Materials Price Variance 8,000Accounts Payable 40,000 D) Work in Process 48,000Direct Materials Price Variance 8,000Accounts Payable 40,000
The payment made each period on an amortized loan is constant, and it consists of some interest and some principal. The closer we are to the end of the loan's life, the smaller the percentage of the payment that will be a repayment of principal.
Answer the following statement true (T) or false (F)
The color of a product would be referred to as ________ data.
Fill in the blank(s) with the appropriate word(s).