Firms pursuing a cost-leadership strategy are typically characterized by
A) loose cost control systems.
B) a de-emphasis on quantitative cost goals and costs.
C) infrequent cost control reports.
D) close supervision of labor, raw materials,inventory, and other costs.
D
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Goodwill may be recorded when:
a. it is identified within a company. b. one company acquires another in a business combination. c. the fair value of a company's assets exceeds their cost. d. a company has exceptional customer relations.
Which of the following is not a justification for a change in depreciation methods?
a. A change in the estimated useful life of an asset as a result of unexpected obsolescence b. A change in the pattern of receiving the estimated future benefits from an asset c. To conform to the depreciation method prevalent in a particular industry d. A change in the estimated future benefits from the asset