Certified management accountants are accountants who have met certain requirements of education and experience
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Certified management accountants are accountants who have passed a two-day examination, held by the Institute of Management Accountants, that tests their knowledge of managerial accounting and business.
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Some accountants believe that the percent of revenue method for estimating uncollectible accounts expense is superior to the percent of receivables method because it is more conservative.
Answer the following statement true (T) or false (F)
Achieving a sure-cost advantage over rivals entails
A. producing a standard product, redesigning the product infrequently, and having minimal advertising. B. minimizing R&D expenses and paying below-average wages and salaries to conserve on labor costs. C. concentrating on the primary activities portion of the value chain and outsourcing all support activities. D. selling a mostly standard product and increasing the scale of operation. E. being a first-mover in pursuing backward and forward integration and controlling as much of the industry value chain as possible.
What happens when a product has been in the marketplace for a long time? How can this be avoided?
What will be an ideal response?
Providing quick service is an important aspect of quality customer service
Indicate whether this statement is true or false.