Which marketing philosophy could most help a company outperform its competitors in today's marketplace?
A. A production orientation
B. A sales orientation
C. A market orientation
D. A societal marketing orientation
Answer: C
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The periodic inventory system is used most commonly by companies that sell
a. low-priced, high-volume merchandise. b. low-priced, low-volume merchandise. c. high-priced, low-volume merchandise. d. high-priced, high-volume merchandise.
Chicago Co is interested in purchasing a machine that would improve its operational efficiency. The cost is $200,000 with an estimated residual value of $20,000 and a useful life of eight years. Cash inflows are expected to increase by $40,000 a year. The company's minimum rate of return is 10 percent. The present value of $1 for eight years at 10 percent is 0.467, and the present value of an
annuity of $1 at 10 percent and eight years is 5.335. The project earns a rate of return of a. Unable to determine from the data given b. greater than 10 percent. c. less than 10 percent. d. 10 percent.
Answer the following statements true (T) or false (F)
British standard setters blazed the trail of accounting regulation being centered in the private sector.
For the business judgment rule to apply:
a. there must be a conflict of interest. b. the director must exercise extraordinary care. c. the director must act in the best interests of the corporation. d. All of the above.