Organizations that are highly labor-intensive will have low operating leverage due to
a. A small amount of variable costs.
b. A large amount of fixed costs.
c. A small amount of mixed costs.
d. A large amount of variable costs.
d
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An example of direct matching of an expense with revenues would be
a. depreciation expense. b. office salaries expense. c. direct labor costs incurred to produce inventory sold during a period. d. advertising expense.
Tyler's event planning company hired a new marketing assistant who focuses only on long-term organizational goals and objectives, ignoring the functional or operational level aspects of planning. For having a successful marketing planning experience, in which concept should the new assistant be trained?
A. Don't underestimate the implementation part of the plan. B. Stay strategic, but also stay on top of the tactical. C. Give yourself and your people room to fail and try again. D. Utilize input, but don't become paralyzed by information and analysis. E. Stay flexible.
A job shop is organized in which of the following ways?
a. Processes arranged in sequence according to processing steps b. Processes arranged in a circular fashion to allow processes to be repeated as needed c. Production area divided across multiple facilities often located in different countries/regions d. Production area divided into departments
A company's product development strategy
A) defines the set of customer needs that it seeks to satisfy through its products and services. B) specifies the portfolio of new products that it will try to develop. C) specifies how the market will be segmented and how the product will be positioned, priced, and promoted. D) determines the nature of procurement and transportation of materials as well as manufacture and distribution of the product.