Scenario: Susan Goes Global with Grape Fizz

question 30

Multiple Choice

Scenario: Susan Goes Global with Grape Fizz
Susan is the CEO of Grape Fizz, a global drinks-manufacturing company. She wishes to set up production facilities in other countries and has been advised to assess the political system of each country before she does so.
-Susan is worried that San Tarino's demand that she must use locally available raw material and employ local workers might interfere with the quality and efficiency of her business.San Tarino,on the other hand,views this as a way to foster local business activity and lessen regional unemployment.What are these laws called?

• A) local content requirements
• B) antitrust laws
• C) nationalization laws
• D) internalization policies

Apply FIFO costing principles to a variety of manufacturing scenarios to determine costs associated with production.

Understand the FIFO method in process costing systems.

Analyze how beginning and ending work in process inventories affect equivalent unit calculations.

Determine the cost of units transferred out of a department.