One characteristic of scenario analysis is that:
A) it limits variation to only three of the more likely variable combinations.
B) it allows only one variable at a time to change.
C) all or nearly all variations are analyzed, regardless of likelihood.
D) managers generate each variation by hand.
Answer: C) all or nearly all variations are analyzed, regardless of likelihood.
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An ________ primarily serves businesses that primarily buy indirect goods on a contract purchasing basis
A) e-distributor B) e-procurement Net marketplace C) exchange D) industry consortium
Spencer Company had overapplied factory overhead of $5,00 . last year. Which of the following statements is not true?
a. A higher level of production may have been achieved than budgeted for. b. The Work in Process account was overcharged for the costs of factory overhead incurred during the period. c. The actual factory overhead expenses may have been less than budgeted for the operating level achieved. d. Assuming the amount is not material enough to distort net income, Cost of Goods Sold should be increased by this amount.