What is the best first step to take after selecting a new business venture?
a. Begin purchasing inventory.
b. Look at real estate properties to locate the office.
c. Hire employees to divide the workload.
d. Write a business plan.
d. Write a business plan.
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Indicate whether the statement is true or false.
A company has two products: Big and Little. It uses activity-based costing and has prepared the following analysis showing budgeted cost and activity for each of its three activity cost pools:??Budgeted ActivityActivity Cost PoolBudgeted CostBig ProductLittle ProductActivity 1$72,0001,2002,800Activity 2$91,0005,2501,750Activity 3$88,0003,2004,800Annual production and sales level of big product is 62,525 units, and the annual production and sales level of little product is 251,900 units.a. Compute the approximate overhead cost per unit of big product under activity-based costing.b. Compute the approximate overhead cost per unit of little product under activity-based costing.
What will be an ideal response?
MTBF measures the average:
A) calendar time between failures. B) operating time between failures. C) number of failures per unit time. D) number of operations between failures. E) downtime per breakdown.
Which of the following is an example of a multiple products and multiple market segments strategy?
A. Ford manufactures SUVs for those who wish to carry lots of people and pickup trucks for those who wish to carry lots of cargo. B. College Football magazine selects different covers for essentially the same written content in order to appeal to different geographic markets in the U.S. C. Johnson's Baby Oil is advertised as a skin softener for babies and as a makeup remover for women. D. Arm and Hammer Baking Soda can be used for baking and to remove odors from refrigerators and cat litter boxes. E. A new movie used several different movie trailers. One set of previews showed the action scenes in order to attract one audience and the other set showed romantic scenes to attract another audience.