Shenshen Zhongxing Telecom (ZTE) Is a Chinese Company That Is

question 145

Multiple Choice

Shenshen Zhongxing Telecom (ZTE) is a Chinese company that is the only telecommunications company in China that produces and markets an inexpensive camera phone to sell to middle class Chinese living in urban areas.Because ZTE targets a single segment within a limited geographical area, it can be said to have a(n) :

• A)promotional emphasis
• B)niche competitive advantage
• C)relationship building advantage
• D)comparative advantage
• E)differential competitive advantage

Distinguish between different types of liabilities and their disclosures in financial statements.

Comprehend and execute the journalization of various types of notes.

Grasp the accounting process for payroll, including calculations of net pay, deductions, and employer tax expenses.

Identify and understand internal controls related to payroll.

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Definitions:

Variable Manuf. Cost

Expenses that vary in direct relation to the amount of production, including costs like raw materials and direct labor.

Unavoidable Allocated Fixed Corporate Costs

These are fixed costs that are essential and non-avoidable, allocated across different departments or projects within a corporation.

Contribution Margin

The amount by which the sale of a product exceeds its variable costs, indicating how much contributes to covering fixed costs and generating profit.