Which of the following is NOT a step in the rational decision process?
A. Select the optimal solution
B. Weight the problem
C. Generate the alternatives
D. Identify decision criteria
B. Weight the problem
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A market-based strategy that leverages a knowledge advantage with respect to both customers and competitors, and can be implemented with a nonconfrontational approach that minimizes losses, is known as a(n) ________ strategy
A) inside-the-box B) disintermediation C) oblique D) mass-personalization E) reactive
Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output TotalCost/Unit TotalCost/UnitDirect materials$5,000$5.00 $25,000$5.00Utilities expense$1,000$1.00 $3,750$0.75Rent expense$4,000$4.00 $4,000$0.80Based on this information:
A. Utilities expense is a mixed cost and rent expense is a fixed cost. B. Utilities expense is a mixed cost and rent expense is a variable cost. C. Direct materials is a fixed cost and utilities expense is a mixed cost. D. Both direct materials and utilities expense are mixed costs. E. Both direct materials and rent expense are variable costs.
A company has the choice of either selling 1,000 unfinished units as is or completing them. The company could sell the unfinished units as is for $4.00 per unit. Alternatively, it could complete the units with incremental costs of $1.00 per unit for direct materials, $2.00 per unit for direct labor, and $1.50 per unit for overhead, and then sell the completed units for $8.00 each. If the company completes the units, what is the impact on income?
A. Income will decrease by $500. B. Income will increase by $500. C. Income will increase by $4,000. D. Income will increase by $8,000. E. Income will decrease by $4,500.
In some cases, the Court will not grant the remedy of rescission. In which of the following
situations would a court refuse to grant rescission? A) resale of the property to a purchaser who knows of the misrepresentation B) undue haste in claiming rescission C) the goods involved were very expensive D) resale of property to a bona fide purchaser who did not know of the misrepresentation E) rescission is not granted in any of the above situations