When calculating the costs to be transferred using the FIFO method, we should not include costs assigned in the previous period to units that were in process at the beginning of the current period but are now included in the units transferred

Indicate whether this statement is true or false.

Answer: FALSE

Business

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A major challenge for international businesses is the need to adapt personnel policies and procedures to the differences among countries

Indicate whether this statement is true or false.

Business

Which of the following is a weakness of the simple structure?

A) Duplication of activities and resources increases costs and reduces efficiency. B) Specialists become insulated and have little understanding of what other units are doing. C) Pursuit of functional goals causes managers to lose sight of what is best for the overall organization. D) It relies too much on one person which is very risky.

Business