True or False: Most business's typically monitor only financial (i.e. strictly measured in $'s) variance performance measures due to Cost-Benefit considerations. True False Question 56 (1 point) True or False: As discussed in class, strictly following "Management by Exception variance analysis practices" will ensure managers identify all potential opportunities for improvement. True False Question 57 (1 point) A company is contemplating manufacturing a brand new product called "X"; as a 1st step, it initially spends significant resources canvassing potential customers on their expectations regarding features and performance characteristics of product "X". These expenditures can best be associated with Design Quality Quality Training Process Engineering Costs True or False: "Variable" costing, with regards to inventory valuation, allows all variable costs incurred by a company to be assigned to inventory True False Question 59 (1 point) True or False: One of the major benefits of an ABC costing system is that it does not require the separation of costs into "direct" & "indirect", nor does it require the formulation of homogeneous "cost pools", nor "cost allocation bases" nor "cost allocation rates". True False True or False: An example of the "Cost-Benefit" approach used in management accounting would be "rejecting a project that does not fully recover its direct costs" True False Question 62 (1 point) Examples of "variable costs" in a grocery store would most likely be fresh produce, frozen meats electricity, labour frozen foods, electricity, labour frozen foods, fresh produce, electricity