Which of the following is not considered a "cost" of extending credit to customers?
A. The increased sales resulting from the extension of credit
B. The possibility of unpaid accounts
C. Keeping the records for accounts receivable
D. The opportunity cost of lost interest
Answer: A
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Which of the following elements is important not only to consider the obvious options with regard to a particular dilemma, but also the much more subtle ones that might not be evident at first glance?
A. Moral imagination B. Normative imagination C. Intentional deliberation D. Descriptive imagination
Which of the following is not a procedure to check the quality of clustering results?
A) Perform cluster analysis on the same data using different distance measures. Compare the results across measures to determine the stability of the solutions. B) Delete variables randomly. Perform clustering based on the reduced set of variables. Compare the results with those obtained by clustering based on the entire set of variables. C) Use the same method of clustering and compare the results. D) Split the data randomly into halves. Perform clustering separately on each half. Compare cluster centroids across the two subsamples.
A company is setting its direct materials and direct labor standards for its leading product. Direct material costs from the supplier are $9 per square foot, net of purchase discount. Freight-in amounts to $0.30 per square foot. Basic wages of the assembly line personnel are $19 per hour. Payroll taxes are approximately 23% of wages. How much is the direct labor cost standard per hour? (Round your answer to the nearest cent.)
A) $4.37 B) $19.00 C) $23.37 D) $32.37
The need-satisfaction sales presentation has several phases. Which of the following presents those phases in the correct order?
A. Need-utilization, need-fulfillment, and need-satisfaction B. Need-perception, need-comprehension, and need-satisfaction C. Need-awareness, need-development, and need-satisfaction D. Need-development, need-awareness, and need-fulfillment E. Need-realization, need-utilization, and need-development