While state-owned enterprises still play a major role in China, now, township enterprises, wholly privately owned enterprises, joint ventures with foreign companies, and wholly owned foreign enterprises play a much larger role in China than in the past.
Answer the following statement true (T) or false (F)
True
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Markus, Inc produces a specialized machine part used in forklifts. For last year's operations, the following data were gathered: Units produced: 55,000 Direct labor: 29,000 hours @ $9.00 Actual variable overhead: $135,000 Markus employs a standard costing system. During the year, a variable overhead rate of $5.00 was used. The labor standard requires 0.50 hours per unit produced. The variable
overhead spending and efficiency variances are, respectively: A) $10,000 U and $7,500 U. B) $10,000 F and $7,500 U. C) $7,500 U and $10,000 F. D) $10,000 F and $7,500 F. E) none of these.
Eminent domain allows the government to take private property for public use after paying consideration
Indicate whether the statement is true or false
The federal government often uses ____ pricing when it grants defense contracts.
A. markup B. differential C. breakeven D. cost-plus E. competition-based
3M Company executives were perplexed when the company's Scotch-Brite floor-cleaning product initially produced lukewarm sales in the Philippines. A Filipino employee explained that consumers generally clean floors by pushing coconut shells around with their feet. 3M changed the shape of the pad to a foot and sales soared. 3M changed its product in response to a Filipino ________.
A. idiosyncrasy B. custom C. belief D. value E. demographic pattern