The Clean-O company makes a cleanser for the hospital and nursing home market that is guaranteed to kill 99 percent of Staphylococcus germs, a major concern for medical facilities. Unlike other companies, Clean-O is not interested in pursuing the consumer market. In this case, Clean-O has adopted a ________ orientation.
A. differentiation
B. market
C. mass customization
D. product
E. relationship
Answer: A
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Which of the following is most likely true about money objections?
A. Money objections are overcome by stating the price early in a presentation. B. A money objection does not contain an economic excuse. C. A request for discount cannot be treated as a money objection. D. There is no harm in revealing that a product is not the least expensive. E. By offering the lowest price a salesperson can trim down money objections.
Which one of the following statements is TRUE?
A. If a company has a classified board, fewer board seats are filled each year. B. One tool of corporate governance is choosing a good investment banker. C. A classified board is one in which the board members serve anonymously. D. A classified board is one in which an announcement requesting applications for board members appears in the newspaper. E. In a classified board, it is easier for dissidents to gain representation since fewer seats are up for election each year.
Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on total fixed manufacturing overhead cost of $160,000, variable manufacturing overhead of $3.40 per direct labor- hour, and 80,000 direct labor-hours. The company has provided the following data concerning Job A578 which was recently completed: Total direct labor-hours 250Direct materials$715Direct labor cost$9,000 The estimated total manufacturing overhead is closest to:
A. $160,003 B. $160,000 C. $272,000 D. $432,000
Which of the following decisions would involve the use of the present value of $1?
A) Your brother buys your car and offers to pay you $500 per year for three years or $1,500 in two years. B) You win a lawsuit and are offered a lump-sum payment today of $100,000 or $15,000 a year for 20 years. C) Your father and mother wish to deposit enough money on the date of your high school graduation to enable you to take a $7,000 cruise when you graduate from college in 4 years. D) You want to have $1,000,000 in order to retire at age 55, but need to know how much you will need to deposit each year from now until your 55th birthday.