The importance of etiquette (policies, norms, procedures, rituals, etc.) is associated with which ethical perspective?
A. justice as fairness theory
B. aristotelian ethics
C. altruism
D. confucianism
D. confucianism
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Which of the following can offer a type of comparison in financial statement analysis?
a. Past ratios and figures b. Industry averages c. Statistics of competitors d. All of the answers are correct. e. None of the answers are correct.
A purchasing manager
A. may specialize by product area if he or she works for a large organization. B. is only interested in finding the lowest possible price for a product. C. is basically a clerk who fills out paperwork to place orders. D. is the only person a business-to-business salesperson ever needs to see in order to make a sale to a buying organization. E. All these answers are correct.
Thomason Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (1,000 units)$40,000Variable expenses 30,000Contribution margin 10,000Fixed expenses 7,000Net operating income$3,000 If the variable cost per unit increases by $1, spending on advertising increases by $2,000, and unit sales increase by 50 units, the net operating income would be closest to:
A. $9,450 B. $1,000 C. $450 D. $2,150
Safety stock acts as a buffer for the lack of flexibility in the supply chain
Indicate whether the statement is true or false