List five ways in which managers use a production cost report to make decisions for their companies
What will be an ideal response
1. Controlling costs
2. Evaluating performance
3. Pricing products
4. Identifying the most profitable products
5. Preparing the financial statements
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According to the product life cycle theory, comparative advantage
a. always remains in the country where the product is first introduced to the market. b. increases as government tariffs and quotas are imposed on imports. c. may shift from the home country to a foreign country as the product matures. d. is the result of lower wages in the home country than in other countries.
MGC Inc organizes a company-wide picnic once a year. The organizers arranged for the best possible menu thinking that food would be a priority, but the staff were disappointed because the activities were very poorly planned
What kind of a gap is apparent here? A) gap between perceived service and expected service B) gap between service delivery and external communications C) gap between service-quality specifications and service delivery D) gap between management perception and service-quality specification E) gap between consumer expectation and management perception
Give an example of an application of biometrics to services?
What will be an ideal response?
Using the Internet to conduct meetings and share documents can be done through:
A) scanning documents. B) electronic repository. C) online collaboration. D) outsourcing.