The production cycle differs from the revenue and expenditure cycles for all the following reasons except
A) cost accounting is involved in all activities.
B) not all organizations have a production cycle.
C) there are no direct external data sources or destinations.
D) very little technology exists to make activities more efficient.
Answer: C
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Victoria's Jewelry Inc. is considering a takeover of its competitor, Ace Diamond LLC. In general, Victoria's should go ahead with the acquisition as long as Ace Diamond is more valuable as a continued standalone company than it would be inside Victoria's.
Answer the following statement(s) true (T) or false (F)
A landowner constructed a building seven stories high. Several years later, the municipality changed the zoning ordinance, prohibiting buildings that exceed six stories in height. Which of the following is TRUE regarding the existing seven-story building?
A) The building must be demolished. B) The owner must obtain a variance. C) It is a nonconforming use. D) It is a conditional use.