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Which of the following is the best definition of target costing?
Which of the following is the best definition of target costing?A . The net present cost of the purchase or project and all future revenues flowing from it discounted back to the present time. B. The total of all costs in acquiring goods or services from the inception of the...
Why should the buying organisation require the supplier to carry out acceptance testing?
Why should the buying organisation require the supplier to carry out acceptance testing?A . To get the approval from the senior management B. To check whether the product matches the specification C. To compare between the account payables and account receivables D. To see whether the supplier engages in unethical...
Which of the following bodies provides standards for the products and services in the US?
Which of the following bodies provides standards for the products and services in the US?A . ISO B. ANSI C. AFNOR D. BSIView AnswerAnswer: B Explanation: ANSI is the American National Standards Institute. It is responsible for providing technical stand-ards in the US LO 3, AC 3.1
Why should the buying organisation require the supplier to carry out acceptance testing?
Why should the buying organisation require the supplier to carry out acceptance testing?A . To get the approval from the senior management B. To check whether the product matches the specification C. To compare between the account payables and account receivables D. To see whether the supplier engages in unethical...
Which of the following is the bank balance of that organization at the end of the year?
This is the information on an organisation’s activities over the past year • Sale were $5,000,000. The value of accounts receivable was $450,000 at the start of the year and $525,000 at the end of the year • The value of direct costs was $2,500,000 and 75% of this was...
Which internal stakeholders may help Angelica estimate the breakdown of costs?
Thani Ltd is a fast growing logistics company with a fleet of 20 tractors. To meet Net Zero objec-tive, the company needs to electrify its fleet. Angelica is assigned to investigate the market price of electrifying services. After the investigation, she realises that the current market price is very expensive...
Information security
Information security 2 and 4 onlyA . 1 and 2 only B. 2 and 3 only C. 3 and 4 onlyView AnswerAnswer: B Explanation: ISO 14001:2015 specifies the requirements for an environmental management system that an or-ganization can use to enhance its environmental performance. ISO 14001:2015 is intended for use...
The purchase is made in emergency
The purchase is made in emergencyA . 2 and 4 only B. 1 and 4 only C. 1 and 3 only D. 2 and 3 onlyView AnswerAnswer: A Explanation: The difference between the standard cost of direct materials specified for production and the actual cost of direct materials used in...
Which of the following correctly describe the process undertaken by IKEA project team?
Facing fiercer competition at home and abroad, IKEA, the leading furniture retailer, needs to im-prove its competitiveness. In order to do this, IKEA must decrease operating costs and improve quality of current and new retail stores. The company establishes a project team. The job of the team is to collect...
Why should the buying organisation require the supplier to carry out acceptance testing?
Why should the buying organisation require the supplier to carry out acceptance testing?A . To get the approval from the senior management B. To check whether the product matches the specification C. To compare between the account payables and account receivables D. To see whether the supplier engages in unethical...
