Answer: True
Explanation:
The quality improvement teams are groups of employees that are from various departments who come together and meet regularly in order to define, analyze, and then solve common production problems.
The aim of the quality improvement team is to improve the production process. This is achievable by them working on their methods.
Answer:
A) comparing the return to the return on invested capital obtained by other firms in the industry.
Explanation:
A firm that has developed a competitive advantage over its competitors will to able to either produce the same amount of output using fewer resources, or produce higher output using the same resources than its competitors. A competitive advantage means being more efficient.
So if we want to determine if Zephyr Electronics 18% return on invested capital (ROIC) provides them a competitive advantage over its competitors, we have to compare Zephyr's ROIC with the ROIC of the rest of the major firms in the industry.
Answer:
•Variable service department costs are charged to operating divisions based on the budgeted rate and actual activity.
• Fixed service department costs are based entirely on budgeted data.
Explanation:
Out of the statements in the question, the correct statements are:
Fixed service department costs are based entirely on budgeted data and
Variable service department costs are charged to operating divisions based on the budgeted rate and actual activity.
It should be noted that fixed cost doesn't varies with production level but variable cost varies with production level.
Answer:
C) Any of the above (or below)
- B) The potential that another government could unilaterally dissolve the entity and assume their assets and liabilities
- D) The power to enact and levy a tax.
- E) The power to directly issue debt, for which its interest is exempt from federal taxation
Explanation:
Government Accounting Standards Board (GASB) is a private non-governmental organization that develops accounting standards that state and local governments must follow. The GASB works along with the Federal Accounting Standards Advisory Board (FASB), which is the organization that develops accounting standards for the federal government.
Both the GASB and the FASB help to ensure that financial information regarding the use of public funds is standard across different government entities.
