Which of the following is most likely to be considered an indirect material in the manufacture of a sofa?
a. Lumber
b. Glue
c. Fabric
d. Foam rubber
b
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A predetermined overhead rate times the amount of activity basis equals the overhead cost assigned to the product
Indicate whether the statement is true or false
Conveniently located vending machines around your college or university campus make it easy for you to buy a soda and a snack between classes. This is an example of the ________ element of the marketing mix
A) production B) place C) price D) profit E) promotion
Which of the following is not a managerial skill?
a. Technical skill b. Interpersonal skill c. Conceptual skill d. Social skill
What makes the difference between good decisions and bad decisions?
A) A good decision is based on logic. B) A good decision considers all available data. C) A good decision considers all alternatives. D) A good decision applies quantitative approaches. E) All of the above