The biggest strategy-shaping impact on on-demand transportation providers such as Uber and Lyft is most likely to be
A. Yellow Cab companies launching mobile app campaigns for community-connect and awareness.
B. Tesla and ZipCar announcing a joint venture for electric automobile sharing services.
C. Greyhound developing and marketing a mobile app for customers to purchase intercity bus tickets.
D. Apple launching a global network of driverless cars, buses, and trucks on demand via a mobile app.
E. Amazon launching a mobile delivery service via drones.
Answer: D
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Everett, Miguel, and Ramona are partners, sharing income 1:2:3. After selling all of the assets for cash, dividing losses on realization, and paying liabilities, the balances in the capital accounts are as follows: Everett, $50,000 Cr.; Miguel, $40,000 Dr.; and Ramona, $30,000 Cr. How much cash is available for distribution to the partners?
A) $120,000 B) $30,000 C) $40,000 D) $90,000
A bank that draws a check on itself has issued
a. a special indorsement. b. a claim in recoupment. c. a certificate of depsosit. d. a cashier's check.
When an organization with a functional structure diversifies into related product-markets, it generally
A. develops a worldwide product-division structure. B. develops a matrix structure. C. maintains its functional structure. D. develops a divisional structure.
Practical Products plans to manufacture 8,000 units over the next month at the following costs: direct materials, $480,000; direct labor, $60,000; variable manufacturing overhead, $150,000; straight-line depreciation, $24,000, and other fixed manufacturing overhead, $272,000. The result is total budgeted cost of $990,000.Shortly after the conclusion of the month, Practical Products reported the following costs:Direct materials used$490,500Direct labor69,600Variable manufacturing overhead132,000Depreciation24,000Other fixed manufacturing overhead272,000Total$988,100Supervisor, Calvin Moore and his crews turned out 7,200 units-a remarkable feat given that the company's manufacturing plant was closed for several days because of blizzards and impassable roads. Moore was especially pleased
with the fact that total actual costs were less than budget. He was thus very surprised when Practical's general manager expressed unhappiness about the plant's financial performance.Required: A. Prepare a performance report that fairly compares budgeted and actual costs for the period just ended-namely, the report that the general manager likely used when assessing performance.B. Should Moore be praised for "having met the budget" or is the general manager's unhappiness justified? Explain, citing any apparent problems for the firm. What will be an ideal response?