Diego is a truck driver for Entertainment Supplies Company (ESC). Diego does exactly what ESC tells him. Diego is
A. an employee.
B. an employer.
C. an independent contractor.
D. a principal.
Answer: A
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Strategically pricing below customer value is called:
A) price skimming. B) value pricing. C) pricing to value. D) price discrimination.
Which of the following is NOT true about the title Page?
A) The title should be as informative as possible. B) The title should be centered and in all caps. C) Items other than the title should be centered and in all caps. D) It should be counted as Page i but no number should be shown on the page. E) Individuals' designations or titles should be shown if appropriate.
Plains and plateaus facilitate exchanges between people:
A. except in the 42nd parallel. B. in all situations, in contrast to mountainous terrain. C. except with deserts and other inhabitable climates. D. and Switzerland is a good example of this facilitated exchange.
Assume a business had sales of $300,000, fixed costs of $75,000, a margin of safety of 58.33%, and a contribution margin ratio of 60%. What was the break-even point?
a. $70,000 b. $100,000 c. $180,000 d. $125,000