Which of the following products is most likely to be in the decline stage of its product life cycle?
A. cookie mixes
B. wireless mobile phones
C. programmable CD-ROMs
D. funeral caskets
E. prerecorded audiocassette tapes
Answer: E
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The source document that records the amount of time an employee worked on a job and his/her pay rate is the
a. job-order cost sheet. b. employee time sheet. c. interoffice memo. d. labor requisition form.
Which of the following types of companies would you expect to have the highest inventory turnover ratio?
A) A law firm B) A construction company C) A fine jewelry retailer D) A grocery store
Francesco's wife earns $14,250 per year. If Francesco dies, his family would require $88,200 to cover their living expenses. Some of the yearly expenses would be offset by $12,400 from stock dividends, but this is still not enough. How much insurance should Francesco have to cover the shortfall, given a 10.4% prevailing interest rate? (Round your answer to the nearest $1,000)
A. $328,000 B. $418,000 C. $592,000 D. $114,000
If one firm in a given industry declares bankruptcy, the market may lower the values of other firms in a given industry because the reveals new, negative information about the status of the industry as a whole. This phenomenon is called:
a. the contagion effect. b. the intra-industry wealth transfer effect. c. irrational behavior. d. the sympathy effect.