Which of the following is a characteristic of a facility with excess capacity?
A) Will likely be more efficient per unit of product it produces than one with a lot of unused capacity
B) Would be very flexible and respond to wide swings in the demands placed on it
C) Would be considered a high utilization facility
D) Will have difficulty responding to demand fluctuations
Answer: A
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An unfavorable sales volume variance in operating income suggests a(n) ________.
A) increase in number of actual units sold when compared to the expected number of units sold B) decrease in number of actual units sold when compared to the expected number of units sold C) increase in variable cost per unit D) decrease in fixed costs
Under the UCC, a firm offer for a sale or lease of goods made by a merchant can be revoked at any time before acceptance.
Answer the following statement true (T) or false (F)
What is the major distinction between executive and independent agencies?
A)Executive agencies govern business issues while independent agencies regulate individual matters. B)The President has greater control over executive agencies. C)The Administrative Procedure Act regulates independent agencies but not executive agencies. D)Subpoenas may be issued by independent agencies; executive agencies do not have subpoena power.
A home-based business is an attractive option for working mothers because:
A. daycare services are relatively inexpensive. B. most corporations encourage telecommuting. C. many companies are adopting flextime. D. there has been a decrease in job sharing in many businesses.