Traditional standard costs are inappropriate measures for performance evaluation in the "new era" of manufacturing because they
a. build in allowances for non-value-adding activities.
b. are based on historical information.
c. don't reflect current costs.
d. are ideal goals.
A
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All of the following would be considered an agent EXCEPT:
A. A property manager hired by a property owner. B. An employee of a multiple listing service C. A listing broker hired by a seller. D. An attorney-in-fact acting under a recorded power of attorney.
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Matthew owns a ranch. He has the right to own and possess that land until his death. When he dies, the ranch will pass to his heirs. Which of the following interests in real property does Matthew have?
A) easement B) future interest C) leasehold estate D) fee simple absolute
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