Conformity suggests:
A) communism.
B) course compliment.
C) we avoid being obnoxious and go with the flow.
D) capitalism.
C
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Standard costs are developed by the cooperative effort of purchasing, production, human resources, and accounting personnel
Indicate whether the statement is true or false
One Friday a few years ago, the Big Mac Index suggested that the yen was overvalued relative to the dollar by 70%
When currency markets opened on the following Monday, anyone using the Big Mac Index would conclude that the yen was only 20% overvalued relative to the dollar. What is the most likely explanation for this? A) Japan's Central Bank acted to prop up the yen. B) Inflation in Japan suddenly spiked upward. C) McDonald's headquarters stopped hedging. D) McDonald's Japan reduced the yen price of a Big Mac. E) McDonald's Japan increased the yen price of a Big Mac.