The firm is in a decreasing cost industry, and its prices are based upon strict marginal costs. The firm experiences a loss. In this case, for the firm to recover its fixed costs, it must use marginal cost as a floor for its prices, and:
a. try to take business away from competing modes and carriers.
b. convince its customers to pay more for the services offered.
c. use the value of service to determine how high above marginal cost the price should be set.
d. ask the government to intervene so they can raise the minimum cost level.
C
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What is the operating income using variable costing?
Barrett, Inc. reports the following information for the year ended December 31:
The beginning Finished Goods Inventory costs were $3500 under absorption costing and $2800 under variable costing.
A) $38,640
B) $40,200
C) $9840
D) $2340
According to a recent Gallup study, the primary reason listed by most employees for being disengaged at work was ______.
A. low pay B. relationships with coworkers C. workplace safety D. their boss
Which statement about the use and interpretation of secondary data to measure a retailer's performance is not correct?
a. A retailer has to develop performance standards based on the best retailers, regardless of industry. b. A retailer needs to adjust nationally-based data to reflect regional differences. c. A retailer needs to adjust nationally-based data to reflect the size of the companies used in the sample. d. A retailer's performance measures must be comparable to those used by secondary sources.
Social sustainability practices of companies ______.
a. are hard to quantify in terms of costs b. are the same across the globe c. are usually followed by all companies in different countries d. are consistently monitored by local governments