$10,000 invested at 10% per year for 5 years earns interest equal to $6,105.10; therefore, $10,000
invested at 10% per year for 10 years will earn interest equal to $12,210.20 (2 times $6,105.10).
Indicate whether the statement is true or false
FALSE
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The principal planning task for the IT department in an organization is to ________.
A) focus on quantity more than quality B) align IT and IS resources with the customer requirements C) integrate the organization's information systems with the outsourced vendors' information systems D) align IT and IS resources with the organization's competitive strategy
Which of the following is not a way in which managers use the production cost reports to make decisions for their companies?
A) evaluating performance B) identifying the most profitable products C) controlling period costs D) preparing the financial statements