A disadvantage of joint ventures as a means to acquire new technology is that
A. purchase of a company can be expensive.
B. coordination costs can be high and organizational cultures can clash, limiting the outcomes.
C. it is the most expensive and time-consuming way to develop new technology.
D. it fails to establish a new company.
E. it makes a firm solely dependent on its internal development capabilities.
Answer: B
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3M's pricing strategy for its Post-it Flag Highlighters was as follows:
A. match its principal competitors' highlighters' prices. B. use the same pricing strategy as its 3M's Post-it Flag and Post-it Note offerings. C. set an initially low price with the intent of bringing down the price even further later if sales were less than anticipated. D. charge a price that would provide genuine value to the target customer segment. E. place the product in discount office supply retailers to make it easier to purchase.
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under variable costing?
A. $60,000 B. $250,000 C. $50,000 D. $310,000 E. $110,000
Many states have passed their own fair employment acts
a. True b. False Indicate whether the statement is true or false
Closing entries are necessary so that retained earnings will begin each period with a zero balance.
Answer the following statement true (T) or false (F)