Answer the following statement(s) true (T) or false (F)
1. Environmental analysis is a method managers use to gather information about external issues and trends
2. Environmental intelligence is the acquisition of information gained from analyzing the multiple environments affecting organizations
3. Legal environment include the structure, processes, and actions of of government at the local, state, national, and international levels
4. Competitive intelligence enables managers in companies of all sizes to make informed decisions in all areas of business
5. Stakeholder materiality is a method companies use to to prioritize the relevance of the stakeholders and their issues
1. True
2. True
3. False
4. True
5. True
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Which of the following types of customers generally have the lowest customer history?
A) new customers B) captive customers C) loyal customers D) unprofitable customers E) repeat customers
Which of the following channel alternatives is most suited to handle complex products and transactions?
A) sales forces B) the Internet C) dealers D) telemarketers E) direct mails
Which of the following statements is true?
a. Salaried employees are always exempt from FLSA, but wage earners are not; b. An independent contractor is an employee of more than one company; c. To determine the hourly rate of a salaried employee, it is necessary to annualize the monthly salary first; d. A withholding allowance determines the amount to be withheld for FICA; e. When accounting for wages, the Wages and Salaries Expense account should be debited for the net pay
Michael Company had 2,00 . units in work in process at January 1 that were 80 percent complete. During January, 15,00 . units were completed. At January 31, 4,00 . units remained in work in process that were 40 percent complete. Using the average cost method, how many units were started during January?
a. 21,000 b. 18,200 c. 17,000 d. 19,000