A cost that changes in total in proportion to changes in volume of activity is a(n):
A. Product cost.
B. Variable cost.
C. Incremental cost.
D. Fixed cost.
E. Differential cost.
Answer: B
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Kelchner Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (3,000 units)$180,000Variable expenses 108,000Contribution margin 72,000Fixed expenses 62,400Net operating income$9,600The contribution margin ratio is closest to:
A. 60% B. 67% C. 33% D. 40%
Which of the following statements is CORRECT?
A. Diversifiable risk can be reduced by forming a large portfolio, but normally even highly-diversified portfolios are subject to market (or systematic) risk. B. A large portfolio of randomly selected stocks will have a standard deviation of returns that is greater than the standard deviation of a 1-stock portfolio if that one stock has a beta less than 1.0. C. A large portfolio of stocks whose betas are greater than 1.0 will have less market risk than a single stock with a beta = 0.8. D. If you add enough randomly selected stocks to a portfolio, you can completely eliminate all of the market risk from the portfolio. E. A large portfolio of randomly selected stocks will always have a standard deviation of returns that is less than the standard deviation of a portfolio with fewer stocks, regardless of how the stocks in the smaller portfolio are selected.
In the 1930s, companies and consumers began to realize that utilizing resources efficiently and effectively was good for society and beneficial to business. This grew into the ________ movement.
A. consumer-orientation B. active citizen C. profitability D. green E. direct investment
In Corey Airport Services v. Clear Channel Outdoor, where Corey lost a bid to provide services at the Atlanta airport and a jury then found there to be a conspiracy that deprived Corey of millions of dollars worth of business, the appeals court held that::
a. that there was no equal protection claim because there was no identifiable group subject to discriminatory treatment b. that the conspiracy between airport officials and Clear Channel provided the basis for a claim of a violation of equal protection interests under the 14th Amendment c. that the government treated Cory differently because it was owned by minorities, which is a violation of equal protection d. that Corey's equal protection rights had been violated but there were no damages because Corey was not the low bidder in the competition to provide the services e. none of the other choices are correct