4. S1: In activity-based costing, all manufacturing costs must be included in product costs. S2: The first-stage allocation in activity-based costing is the process by which overhead costs are assigned to activity cost pools. Both statements are correct. Only S1 is correct. Only S2 is correct. Both statements are incorrect.
4.
S1: In activity-based
Both statements are correct.
Only S1 is correct.
Only S2 is correct.
Both statements are incorrect.
5.
[S1] Traditional management involves focusing on the resources and capabilities of the firm to minimize costs and maximize production. [S2] Modern strategic management concepts focus more on changes in the external environment and how business entities can adapt to these changes.
Both statements are correct.
Both statements are incorrect.
Only S1 is correct.
Only S2 is correct.
6.
There is a high level of turnover among the sales representatives of the firm. Which of the following would be appropriate for this concern?
Consult with the human resource department and review hiring qualifications, interview questions and applicant values trend.
Analyze service activities and check whether sales representatives comply with the requirements in the activity.
Review the pay and promotion policies, and consult with the procurement department for possible changes in those policies.
Survey customers about sales representative behavior and review policies on outbound logistics.
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