Chargon Flasks, a restaurant specializing in Asian cuisine, focuses solely on customer satisfaction. It allows patrons to customize the quantity of their meals and only charges them half the price if their meal is unsatisfactory. The restaurant also has a voluntary service charge policy. In this context, which dimension of the business environment is affected the most?
A. The global environment
B. The political environment
C. The technological environment
D. The competitive environment
Answer: D
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The accountant for Crusoe Company is preparing the company's statement of cash flows for the fiscal year just ended. The following information is available: Retained earnings balance at the beginning of the year$133,000?Cash dividends declared for the year 53,000?Proceeds from the sale of equipment 88,000?Gain on the sale of equipment 8400?Cash dividends payable at the beginning of the year 25,000?Cash dividends payable at the end of the year 28,400?Net income for the year 99,000?What is the ending balance for retained earnings?
A. $179,000. B. $262,000. C. $290,000. D. $188,000. E. $209,000.
Meow Products Ltd. Meow Products Ltd. produces and sells scratching posts for cats. In the current year, the company had expected to sell 12,000 posts but actually produced and sold 10,000 posts. The following information is available regarding the standard cost to produce a single post: Direct materials: 3 feet @ 1.75 per foot Direct labor: 15 minutes @ $.30 per minute In the current year,
38,000 feet of material were purchased out of which 35,000 feet were used at a cost of $1.55 per foot, and 160,000 direct labor minutes were incurred at a cost of $.32 per minute. Refer to the Meow Products Ltd. information above. The company's direct materials price variance for the current year is: A) $2,350 F. B) $7,600 F. C) $7,000 U. D) $4,100 U.
Regarding product life cycles, good marketing managers know that
A. any product modification results in a new-product life cycle. B. a firm's product can be withdrawn before its related product life cycle is over. C. any new brand must start off in the market introduction stage. D. product life cycles cannot be extended. E. All these answers are correct.
A factory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce
However, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. If a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. How is this factory owner seeking to solve the agency conflict problem in this case? A) by supplying incentives so the agents act in the way principal desires B) by ensuring that all workers co-operate to maximize the gains of their section C) by making the agents into principals themselves D) by maximizing the information that the principal obtains about the behavior of the agents