Which of the following most exemplifies the value-added principle?
A. A competitive management program that emphasizes quality
B. Information gathering and reporting activities should be restricted to those activities that add value in excess of their cost
C. Managerial accounting information is measured in economic, physical, and financial terms
D. An ongoing process where continuous improvement is the goal
Answer: B
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John&'s Food Market had the following financial data at December 31, 2018:
Cash and cash equivalents $ 78,000
Total current liabilities 130,000
a. What is the cash ratio as of December 31, 2018? Show the formula and your computations.
b. Comment on the cash ratio for Metro Construction Company.
Which of the following is true of a firm that tries to coordinate and control the worldwide operations of its subsidiaries?
A. The management personnel of its subsidiaries need to be fluent only in English. B. The subsidiaries based in different countries never face any constraints on the transfer of corporate resources. C. Cash flows in different subsidiaries are denominated in different currencies. D. The terms of trade determined after negotiation with the host government and the multinational corporation are always well aligned to the firm's policies. E. All the subsidiaries are based only in countries that have homogeneous cultural heritages.
The fraudulent marketing of one person's goods as those of another is referred to as:
a. palming off goods. b. trade secrets. c. dilution. d. a tying arrangement.
The five categories of activities (operation, transportation, inspection, delay, and storage) are used in which of the following methods of process analysis?
A) multiple-activity chart B) process chart C) capital budgeting D) flow diagram