Which of the following would be the most effective action-request statement?

a. Make your purchase before December 15 and receive your valuable money-saving rebate.
b. Don't hesitate another minute over the wisdom of this decision.
c. Purchasing your Zoom mower within the next few weeks will assure you of paying the lowest price this season.
d. Please send your payment today before the present inventory is sold out.


A

Business

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The costs of doing business through the sale of goods and services are called

a. Net income b. Expenses c. Revenues d. Dividends

Business

Refer to Table 23-8. In 2012, nominal GDP is a. $191.50, and real GDP is $170. b. $157, and real GDP is $170. c. $191.50, and real GDP is $157. d. $170, and real GDP is $227.50.

a) $191.50, and real GDP is $170 b) $157, and real GDP is $170 c) $191.50, and real GDP is $157 d) $170, and real GDP is $227.50

Business

Answer the following statements true (T) or false (F)

1. Once made, structural decisions can be easily modified. 2. Readily available resources is one of the critical elements of an operations strategy. 3. Innovation may not be of particularly great importance for mature products when we consider innovation for products in the context of the product life cycle. 4. The ultimate goal of operations and supply chain strategies is to produce and deliver products or services that delight customers. 5. A company’s ability to innovate is likely to be its core competency.

Business

Under accrual accounting, revenue is recognized when

a. the firm has performed all, or most of, the services it expects to provide. b. the firm has received cash, or some other asset such as a receivable, whose cash-equivalent value it can measure with reasonable precision. c. the firm has significant uncertainty about the amount and timing of the cash inflows and outflows from the sales transaction. d. both a and b must be present. e. none of the above.

Business