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NEW QUESTION # 477
What must be monitored in order to manage risk of consumer product inventory obsolescence?
1) Inventory balances.
2) Market share forecasts.
3) Sales returns.
4) Sales trends.

A. 1, 2, and 3 only
B. 4 only
C. 1 only
D. 1 and 4 only

NEW QUESTION # 478
Which of the following statements best describes the frameworks set forth by the International Standards Organization?

A. Practical guidance and benchmarks for all organizations that use information systems.
B. Frameworks and guidance on enterprise risk management, internal control, and fraud deterrence.
C. Bridging the gaps among control requirements, technical issues, and business risks.
D. Globally accepted standards for industries and processes.

NEW QUESTION # 479
In an analysis of alternative credit-management policies, which of the following components will cause the net present value of receivables on credit sales to increase, if everything else remains constant?

A. A higher cost per unit sold.
B. A tougher collections policy that reduces the bad debt loss ratio.
C. A longer average collection period.
D. An increase in the cost of capital.

NEW QUESTION # 480
An organization is projecting sales of 100,000 units, at a unit price of $12. Unit variable costs are $7. If fixed costs are $350,000, what is the projected total contribution margin?

A. $850,000
B. $1,200,000
C. $500,000
D. $350,000

NEW QUESTION # 481
The head of the research and development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?
1) Favorable labor efficiency variance.
2) Adverse labor rate variance.
3) Adverse labor efficiency variance.
4) Favorable labor rate variance.

A. 2 and 3.
B. 3 and 4.
C. 1 and 4.
D. 1 and 2.

NEW QUESTION # 482
......

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