In a subsistence economy, fast growth in manufacturing results in rapid overall economic growth
Indicate whether the statement is true or false
FALSE
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Cheapo Sales Company uses a standard cost system
Overhead costs are allocated based on direct labor hours. In the first quarter, Cheapo Sales had a favorable efficiency variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance? A) The actual number of direct labor hours was lower than the budgeted hours. B) The actual variable overhead costs were higher than the budgeted costs. C) The actual variable overhead costs were lower than the budgeted costs. D) The actual number of direct labor hours was higher than the budgeted hours.
Relevant values and attitudes toward time, achievement, work, authority, wealth, scientific method, risk, innovation, change, and the Western world are considered in the ________ of the framework for international marketing research
A) information and technological environment B) sociocultural environment C) structural environment D) government environment