Which of the following statements is true of the impact of globalization on value chains and business processes?
A) Companies must develop a standardized global strategy irrespective of where they are operating from.
B) Companies prefer to perform all their processes in-house as it is more cost-effective than outsourcing.
C) Manufacturing of a final product is frequently distributed throughout the world.
D) Increased globalization calls for greater attention to promotional aspects of the marketing mix as opposed to the product.
C) Manufacturing of a final product is frequently distributed throughout the world.
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Suppose that in 2015, a $10 silver certificate from 1898 sold for $11,700. For this to have been true, what would the annual increase in the value of the certificate have been?
a. 6.22 % b. 6.01% c. 7.23% d. 6.49% e. 7.07%
Which one of the following statements is true?
a. Accountants have developed methods which make assumptions concerning how costs should be assigned to inventory and cost of goods sold. b. Alternative inventory cost flow assumptions have the same effect on the amount of net income reported. c. Accounting standards require that merchandise costs be specifically traced to units left in inventory and to units that have been sold. d. The flow of inventory costs should match the physical flow of the merchandise.