________ is a reference point used as a baseline measurement
A) A focused niche strategy
B) A value chain model
C) A benchmark
D) A strategic enabler
C
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In a multiple-product firm, the product that has the highest contribution margin per unit will
a. generate more profit for each $1 of sales than the other products. b. have the highest contribution margin ratio. c. generate the most profit for each unit sold. d. have the lowest variable costs per unit.
Which of the following does not reflect an open systems perspective?
a. Systems are not isolated but interact with their environment constantly b. Relationships are largely linear and can be broken down into cause and effect c. Individuals in the system may have different views of it d. A system seeks equilibrium and doesn’t change unless energy is applied
Which of the following statements is true regarding manufacturing costs?
A) They will be appear on the income statement as the product is made. B) They will not appear on the income statement or the balance sheet until the product is completed. C) They will appear on the balance sheet as an inventory cost until the product is sold. D) They will appear on the balance sheet as an inventory cost after the product is sold.
In deciding questions of corporate social responsibility, Valley Disposal & Recycling, Inc, is concerned with
a. how the corporation can best fulfill any ethical duty to society. b. the effect on corporate profits of ignoring any ethical duty to society. c. whether the corporation owes any ethical duty to society. d. all of the choices.