Which of the following may result in much of your personal financial information becoming part of the public record?
A) Marriage
B) Applying for financial aid at a college
C) Purchasing a house with a mortgage
D) Divorce
Answer: D
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Which of the following is one of the four components of the sales call planning process?
A. A customer profile B. Market testing C. Perceptual mapping D. A vendor analysis E. A marketing audit
Cool Runnings operates a chain of frozen yogurt shops. The company pays $5,000 of rent expense per month for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the cost of rent is which kind of cost?
A. Mixed cost B. Fixed cost C. Variable cost D. Opportunity cost
Bricktan Inc. makes three products, basic, classic, and deluxe. The maximum Bricktan can sell is 75,000 units of basic, 420,000 units of classic, and 120,000 units of deluxe. Bricktan has limited production capacity of 90,000 hours. It can produce 10 units of basic, 8 units of classic, and 4 units of deluxe per hour. Contribution margin per unit is $15 for the basic, $25 for the classic, and $55 for the deluxe. What is the total contribution margin if Bricktan chooses the most profitable sales mix?
A. $9,700,000. B. $15,500,000. C. $8,000,000. D. $12,800,000. E. $18,225,000.
Marvin, an assistant manager at a nonprofit organization, wanted to start a new project and required funds from his seniors. However, his seniors thought that he was not responsible enough to handle either the funds or the workload. They assumed him to be a carefree individual with a laid-back attitude toward work. Therefore, they rejected his request. In the given scenario, Marvin most likely faced _____.
A. language barriers B. organizational barriers C. physical barriers D. perceptual barriers