At very large firms, advertising campaigns are likely to be performed by a(n) _____________________, while in small firms advertising campaigns are more likely to fall under the responsibility of ____________________.
A. experienced individual; an advertising agency
B. advertising agency; advertising department
C. advertising agency; one or two individuals
D. advertising department; one or two individuals
E. experienced individual; an advertising department
Answer: D
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Norwood, Inc purchased a crane at a cost of $80,000 . The crane has an estimated residual value of $5,000 and an estimated life of 8 years, or 12,500 hours of operation. The crane was purchased on January 1, 2015 and was used 2,700 hours in 2015 and 2,600 hours in 2016. Refer to the information for Norwood, Inc Based on this information, what method of depreciation will produce the maximum
depreciation expense in 2015? a. Straight-line b. Double-declining-balance c. Units-of-production d. All methods produce the same expense in 2015.
The pricing method that establishes selling prices based on a stipulated rate above total production costs is
a. return on assets pricing. b. target cost pricing. c. gross margin pricing. d. time and materials pricing.
______________ responsibilities are those responsibilities in which society does not have a clear message to present to businesses as to what their course of action should be.
a. Entrenched b. Endured c. Socially balanced d. Discretionary
Why are organizations changing from batch (large) shipments to just-in-time (JIT) shipments?
What will be an ideal response?