Which of the following statements about average cost-pricing is true?
A. It does not take the demand curve into account when setting prices.
B. It works better in practice than it does in theory.
C. It is more profitable if actual sales are lower than expected.
D. It can result in losses if actual sales are higher than expected.
E. It can be used to set a price without an estimate of the quantity to be sold.
Answer: A
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Which of the following is a difference between experiential approach to innovation and compression approach to innovation?
a. Experiential approach is used to establish a new dominant design, whereas compression approach is used to improve the function of the existing dominant design. b. Experiential approach is used in periods of incremental change, whereas compression approach is used in periods of discontinuous change. c. Experiential approach is used in fast-growing environments, whereas compression approach is used in highly uncertain environments. d. Experiential approach is used to shorten the time of individual steps, whereas compression approach is used to test the improved product or service prototype.
When comparing income statement items to balance sheet items in a single ratio, we use the
average of the items on the balance sheet. Indicate whether the statement is true or false
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Indicate whether the statement is true or false
What is a network?
A. The physical devices associated with a computer system. B. A communications system created by linking two or more devices and establishing a standard methodology in which they can communicate. C. A computer designed to request information from a server. D. The set of instructions the hardware executes to carry out specific tasks.