The World Trade Organization helps provide governments and industries around the world with protection from firms that engage in unethical conduct
Indicate whether the statement is true or false
TRUE
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An employer who fails to withhold Federal Insurance Contributions Act (FICA) taxes from covered employees' wages, but who pays both the employer and employee shares, will
A. Be entitled to a refund from the IRS for the employees' share. B. Be allowed no federal tax deduction for any payments. C. Have a right to be reimbursed by the employees for the employees' share. D. Owe penalties and interest for failure to collect the tax.
Which of the following is a benefit of the target costing approach?
A) The product development process is continuously guided by the top management. B) It produces a superior product with unique product benefits. C) It decreases the likelihood that low-margin products will be introduced. D) It shortens the product development cycle.