The business environment prior to 1974 was "friendly" to companies using scientific management and mass manufacturing methods because:
A. U.S. manufacturers dominated the world economy.
B. Industry profits were held by a large number of firms.
C. Education levels were significantly higher than they are today.
D. Global competition made U.S. industries stronger.
A. U.S. manufacturers dominated the world economy.
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Oxford Packing Company reported net sales in November of the current year of $1,000,000. At the beginning of November, the company reported beginning inventory of $368,000. Cost of goods purchased during November amounted to $217,500. The company reported ending inventory at the end of November of $226,750. The company's gross profit rate for November of the current year was:
A. 58.6% B. 81.2% C. 35.9% D. 64.1% E. 18.8%
The organizational plan of most recommendation reports is
A) point by point. B) chronological. C) informal. D) retrospective.
The Queen City Nursery manufactures bags of potting soil from compost and topsoil. Each cubic foot of compost costs 12 cents and contains 4 pounds of sand, 3 pounds of clay, and 5 pounds of humus
Each cubic foot of topsoil costs 20 cents and contains 3 pounds of sand, 6 pounds of clay, and 12 pounds of humus. Each bag of potting soil must contain at least 12 pounds of sand, at least 12 pounds of clay, and at least 10 pounds of humus. Formulate the problem as a linear program. Plot the constraints and identify the feasible region. Graphically or with corner points find the best combination of compost and topsoil that meets the stated conditions at the lowest cost per bag. Identify the lowest cost possible.
Henry has a 30% interest in the HMS Partnership's capital, profits, and losses computed after taking into account his guaranteed payment of $40,000. In the current year, HMS reports ordinary income of $30,000 and capital gains of $60,000 before taking into account Henry's guaranteed payment. What is the amount and character of all income or loss that Henry must report as a result of partnership
activities? A) $40,000 guaranteed payment (ordinary income), $3,000 ordinary loss, $18,000 capital gain B) $40,000 guaranteed payment (ordinary income), $15,000 capital gain C) $40,000 guaranteed payment (ordinary income), $9,000 ordinary income, $6,000 capital gain D) $13,000 guaranteed payment (ordinary income), $6,001 ordinary income, $38,820 capital gain