Which of the following statements concerning target costing is not true? Select one: A. Short product life cycles increase the importance of target costing. B. A primary advantage of target costing is that it requires little or no coordination among processes. C. Target costing can be applied to components of products as well as the new products as a whole. D. Implementing target costing requires detailed information on the cost of alternative activities.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.