1. TRUE OR FALSE : Companies with diverse products can obtain better costing information using multiple departmental rates rather than using activity--based costing.

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2. Madsen, Inc. intends to increase its profits by 50% in the next fiscal year. Which of the following is most likely to be a lead indicator in Madsen's performance report?

A.

sales revenue growth

B.

number of repeat customers

C.

net profit margin

D.

return on investment