Which of the following is not one of the distinguishing characteristics of an capitalistic economy
A. Workers decide all questions of policy for their particular business.
B. Individuals own a majority of the factors of production.
C. The government does not own the businesses that are cornerstones of the economy
D. Most economic decisions are made by individuals
Ans: A. Workers decide all questions of policy for their particular business.
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Which is typically true about medium service desks?
A. They use the same type of layout as small service desks, as they usually start as small service desks. B. They are not usually large enough to justify the expense of communication tools such as whiteboards, reader boards, or network monitors. C. The service desk manager resides in the service desk area and handles incidents and services requests just as the analysts do. D. They often benefit from common areas, such as a lab or meeting area for meetings, training, or testing.
The market share maximization pricing objective is appropriate when demand is inelastic
Indicate whether the statement is true or false
Joe buys a trailer from a used-car dealership. On enquiry, the dealer tells him that the trailer is in great condition. However, three days later, the trailer breaks down
Investigation by Joe reveals that the trailer had seven previous owners and that the engine has been replaced thrice. An automobile expert tells Joe that the trailer is dangerous. Which of the following frauds would the dealer be liable for? A) fraud in the factum B) fraud in the inducement C) fraud by concealment D) misrepresentation of law
Given the following data, calculate the total product cost per unit under variable costing.Direct labor$3.50per unitDirect materials$1.25per unitOverhead Total variable overhead$41,400 Total fixed overhead$150,000 Expected units to be produced 18,000units
A. $7.05 per unit B. $4.75 per unit C. $13.08 per unit D. $16 per unit E. $15.38 per unit