Which of the following accounts is credited when abnormal spoilage is written off in an actual cost system?
a. Miscellaneous Revenue
b. Loss from Spoilage
c. Finished Goods
d. Work in Process
D
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________ lines up customers along columns and products along rows to show the profitability of selling a product to a customer
A) Mystery shopping B) Activity-based costing (ABC) C) Customer profitability analysis (CPA) D) Customer lifetime value (CLV) E) American Customer Satisfaction Index (ACSI)
Which of the following statements is true of bailments?
A) The person who transfers possession of personal property to another is the bailee. B) If the bailment is for the mutual benefit of both parties, the bailee is liable for damage to the property caused by the bailee's gross negligence. C) If the bailment is for the mutual benefit of both parties, then both the bailor and the bailee share responsibility for the damages due to negligence. D) The parties to a contract cannot limit the liability of the bailee.
Simone is a manager of Rolling Hills Resort LLC, a limited liability company. Rolling Hills is formed in a state that does not explicitly create fiduciary duties for LLC managers but does require the exercise of good business judgment. Unless a court rules otherwise, Simone owes fiduciary duties to
A. Rolling Hills's members. B. Rolling Hills's suppliers. C. Rolling Hills's customers. D. none of the choices.
Land's End offers customers the option of having jeans and other types of pants made to fit them according to their waist, hip, and leg length measurements. This is an example of:
A. an application of the 80/20 rule B. firewall marketing C. one-to-one marketing D. transformational marketing E. data mining