The more diverse the firm's global supply chain, the lesser the cost of logistics

Blair Stationery Company is a price-taker and uses target pricing

The company has just done an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Assume all products produced are sold. Refer to the following information: Target full product cost $510,000 per year Actual fixed cost $260,000 per year Actual variable cost $3 per unit Production volume 152,000 units per year Actual costs are currently higher than target full product cost. Assuming that fixed costs cannot be reduced, what are the target total variable costs? A) $260,000 B) $456,000 C) $250,000 D) $510,000

The chance of making a Type II statistical error increases if the "true" population mean is closer to the hypothesized population mean, all other factors held constant

Indicate whether the statement is true or false