Temperature scales such as Celsius and Fahrenheit are examples of interval scales
Indicate whether the statement is true or false
TRUE
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In terms of dispersal of ownership, corporations are classified as either closely held or publicly held.
Answer the following statement true (T) or false (F)
There are four steps in the Managing Sourcing and Procurement Processes. Which does not belong?
a. determine the type of purchase b. determine the necessary levels of investment c. evaluate the effectiveness of the strategic sourcing process d. examine off shore and e-procurement suppliers
If, instead of offering incentives for sales goals, a manager were to get ideas on increasing sales revenue from his sales team to implement, which of the following would MOST likely result?
A) The sales team would be more motivated by feeling more invested in the process. B) The sales team would prefer to be given clearly defined goals to meet. C) The sales team would not have enough information to go on in order to get ideas. D) The sales team would come up with too many different ideas. E) The sales team would be more motivated because of the chance to earn more money.
The Melville Corporation produces a single product called a Pong. Melville has the capacity to produce 60,000 Pongs each year. If Melville produces at capacity, the per unit costs to produce and sell one Pong are as follows: Direct materials$15Direct labor$12Variable manufacturing overhead$8Fixed manufacturing overhead$9Variable selling expense$8Fixed selling expense$3The regular selling price for one Pong is $80. A special order has been received by Melville from Mowen Corporation to purchase 6,000 Pongs next year. If this special order is accepted, the variable selling expense will be reduced by 75%. However, Melville will have to purchase a specialized machine to engrave the Mowen name on each Pong in the special order. This machine will cost $9,000 and it will have no use after the
special order is filled. The total fixed manufacturing overhead and selling expenses would be unaffected by this special order. Assume that direct labor is a variable cost.Assume Melville anticipates selling only 50,000 units of Pong to regular customers next year. At what selling price for the 6,000 special order units would Melville be financially indifferent between accepting or rejecting the special order from Mowen? A. $38.50 per unit B. $37.00 per unit C. $51.50 per unit D. $49.00 per unit