Economies of scale means that the percentage return on a financial transaction rises as the size of the transaction rises
Indicate whether the statement is true or false
FALSE
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Which of the following is a way in which the researcher might assist the client after the marketing research report has been presented?
A) selection of a new product or advertising agency, development of a pricing policy, marketing segmentation, or other marketing actions B) further research projects C) help the client firm make the information generated in the marketing research project a part of the firm's marketing (management) information system (MIS) and decision support system (DSS) D) all of the above
Tremble Corporation manufactures and sells one product. The following information pertains to the company's first year of operations: Variable costs per unit: Direct materials$99?Fixed costs per year: Direct labor$822,800?Fixed manufacturing overhead$3,678,400?Fixed selling and administrative expenses$3,736,000?The company does not have any variable manufacturing overhead costs or variable selling and administrative expenses. During its first year of operations, the company produced 48,400 units and sold 46,700 units. The company's only product is sold for $198 per unit.Assume that the company uses an absorption costing system that assigns $17 of direct labor cost and $76 of fixed manufacturing overhead to each unit that is produced. The unit product cost under this
costing system is: A. $272 per unit B. $116 per unit C. $99 per unit D. $192 per unit
Under variable costing, fixed manufacturing overhead is expensed at the time the units are produced. Under absorption costing, fixed manufacturing overhead is expensed at the time the units are sold.
Answer the following statement true (T) or false (F)
The definition of business ethics includes which of the following points?
a. It is a branch of applied ethics. b. It is fully codified in federal statutes. c. It has a central authority and universal standards. d. It is based on maximizing profits for a business.