Twenty-five people paid $20 per ticket for a special movie. The twenty-five people spent an additional $170 for food and drinks at the theater. What was the total expenditure?
$670
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The formula to compute direct labor rate variance is to calculate the difference between
A) actual costs + (actual hours standard rate) B) actual costs - standard cost C) (actual hours standard rate) - standard costs D) actual costs - (actual hours standard rate)
Which of the following quality philosophies is correctly paired with its strategy?
a. lean: improving quality by reducing the number of defects b. Six Sigma: eliminating waste c. agile manufacturing: using technology to integrate different operations d. TQM: expediting rework
An automobile's airbag is primarily there for:
A) loss prevention B) loss avoidance C) loss reduction D) risk assumption
When a salesperson offers a discount if a prospect places a larger order, he or she is using the process of:
A. summary B. assumption C. negotiation D. adaption E. follow-up