Which of the following is an attribute of traditional costing systems?
A) raw materials are ordered in large quantities
B) production is completed in self-contained work cells
C) suppliers make frequent deliveries of small quantities of raw materials
D) management works with suppliers to ensure defect-free raw materials
A
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Calculate the number of transactions made per year if a total of 20 million transactions are made in a year by 40 manufacturers and 4,000 retailers
A) 250 B) 125 C) 75 D) 50 E) 175
Sales promotion expenditures increased as a percentage of budget expenditure for a number of years, although its growth has recently slowed. Which of the following is a factor that has contributed to the growth of sales promotion expenditures?
A) many brands have come to be seen as dissimilar B) the efficiency of advertising as a promotion has improved C) the trade demands more deals from manufacturers D) consumers have become less price-oriented E) the number of brands in the market has decreased