Answer:
c) Authority or expertise does not make the claims of an authority or expert true.
Explanation:
It is true as the authority of any business aims to have maximum sales, for this some management works on quality of product and some management is ready to put false statements in order to increase sales and revenue.
Therefore, it is necessary to do critical thinking and no user shall violate the basic rule of critical thinking of knowing all the facts, since here it is clear that these cars lead the country to accidents due to faulty equipment.
Thus, this is the basic rule that not all the authorized statement is correct.
When prices are rising, the Cost of Goods Sold according to LIFO will be <u>higher </u>than cost of goods sold under FIFO.
Last-In, First-Out (LIFO) refers to a company selling off the latest inventory that it receives first before the inventory it received earlier.
When prices are rising, LIFO will result in a higher COGS because:
- Purchases will be high
- Closing stock will be low on account of only the earlier cheaper inventory being left
In conclusion, LIFO results in cost of goods sold being higher because the closing stock which is deducted from COGS will be lower.
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Answer:
The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.
Explanation:
Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:
1) Identification of the activities for the creation of the product
2) Divide the activities into cost pools
3) Assign each cost pool to a cost driver
4) Calculation of the cost driver rates
5) Assignment of cost to products
Answer:
In my opinion creating a business plan would make your chances of making a successful business higher since you already know what your doing, it can also help with your thought process and help you consider different aspects of your business. Not having a plan also would lead to all your ideas being in your brain which could make it harder to focus. But many entrepreneurs have started businesses without plans and have succeeded but I think its easier to have a plan.
Answer:
a. Kantianism
Explanation:
Kantianism -
This theory was given by Immanuel Kant.
According to this theory ,
Good deeds and duty are the crucial elements in order to determine the action which need to be taken .
Any activity is considered to be good , only if it is morally correct .
Hence , from the question , spanking children is not a good activity and it not accepted ethically .
Hence , in the given scenario Kantianism is applicable .
