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All of the following are true with regard to the first-in, first-out inventory valuation method except:
All of the following are true with regard to the first-in, first-out inventory valuation method except:A . It values inventory close to current replacement cost.B . It generates the highest profit when prices are rising.C . It approximates the physical flow of goods.D . It minimizes current-period income taxes.View AnswerAnswer:...
A key advantage of developing a computer application by using the prototyping approach is that it:
A key advantage of developing a computer application by using the prototyping approach is that it:A . Does not require testing for user acceptance.B . Allows applications to be portable across multiple system platforms.C . Is less expensive since it is self-documenting.D . Better involves users in the design process.View...
Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?
Which of the following roles would be least appropriate for the internal audit activity to undertake with regard to an organization's corporate social responsibility (CSR) program?A . Consult on project design and implementation of the CSR program.B . Serve as an advisor on internal controls related to CSD . Identify...
They are helpful but limited in value in a rapidly changing environment.
They are helpful but limited in value in a rapidly changing environment.A . 1 and 2 onlyB . 1 and 4 onlyC . 2 and 3 onlyD . 3 and 4 onlyView AnswerAnswer: B
Which of the following actions is most likely to gain support for process change?
Which of the following actions is most likely to gain support for process change?A . Set clear objectives.B . Engage the various communities of practice within the organization.C . Demonstrate support from senior management.D . Establish key competencies.View AnswerAnswer: B
Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?
Which of the following is a major advantage of decentralized organizations, compared to centralized organizations?A . Decentralized organizations are more focused on organizational goals.B . Decentralized organizations streamline organizational structure.C . Decentralized organizations tend to be less expensive to operate.D . Decentralized organizations tend to be more responsive to market...
Which of the following best describes a market signal?
Which of the following best describes a market signal?A . The bargaining power of buyers is forcing a drop in market prices.B . There is pressure from the competitor's substitute products.C . Strategic analysis by the organization indicates feasibility of expanding to new market niches.D . The competitor announces a...
Which of the following is a limiting factor for capacity expansion?
Which of the following is a limiting factor for capacity expansion?A . Government pressure on organizations to increase or maintain employment.B . Production orientation of management.C . Lack of credible market leader in the industry.D . Company diversification.View AnswerAnswer: D
The organization makes exclusive arrangements with the channels.
The organization makes exclusive arrangements with the channels.A . 1 and 3 onlyB . 1 and 4 onlyC . 2 and 3 onlyD . 2 and 4 onlyView AnswerAnswer: A
The activity that involves a trial run of a product in a typical segment of the market before proceeding to a national launch is referred to as:
The activity that involves a trial run of a product in a typical segment of the market before proceeding to a national launch is referred to as:A . Test marketingB . ExperimentationC . SegmentationD . PositioningView AnswerAnswer: A
