Due to the Complicated Laws and Ethical Standards Abroad,U

question 102

True/False

Due to the complicated laws and ethical standards abroad,U.S.businesses are encouraged to adopt a,"don't ask,don't tell" policy.
U.S.businesses are held to high ethical standards,whether they are dealing with customers in the U.S.or internationally.Large and small companies are scrutinized by "watch dog" groups.International bodies such as the Organization of American States,the European Union,and the Organization for Economic Cooperation and Development have adopted global ethical policies.

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Definitions:

Manufacturing Costs

Expenses directly associated with the production of goods, including materials, labor, and factory overhead.

General Ledger

The general ledger is a comprehensive record of a company's financial transactions over the life of the organization, which is the foundation of a company's double-entry accounting system.

Direct materials

Direct materials are raw materials that can be directly traced to the production of specific goods or services, forming part of the finished product.

Work In Process

Inventory that is in the production process but not yet completed or ready for sale.