Baxter displays emotional fitness on the job when he falls asleep for a few moments, yet keeps his eyes open

Contracting out manufacturing in an effort to build strategic flexibility is best suited for _____ (low or high?) value-added manufacturing.

Fill in the blank(s) with the appropriate word(s).

Historical cost is the basis advocated for recording the acquisition of property, plant, and equipment for all of the following reasons except

a. at the date of acquisition, cost reflects fair market value. b. property, plant, and equipment items are always acquired at their original historical cost. c. historical cost involves actual trans¬actions and, as such, is the most reliable basis. d. gains and losses should not be anticipated but should be recognized when the asset is sold.