______ is usually defined as the creation of novelty that provides economic value through the creation of new products and services.
a. Invention
b. Innovation
c. Managerial sophistication
d. All of the above
b. Innovation
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Clapton Inc would like to prepare an income statement for March. Their production department records show that total product costs in March were $225,000 when 50,000 units were produced. Their sales department records show that 46,000 units were sold for $16 each. Monthly administrative and marketing expenses totaled $60,000. What should be net operating income for March? (Ignore taxes)
A) $529,000 B) $473,800 C) $451,000 D) $469,000
The doctrine of estoppel would most often apply in situations of:
a. implied authority. b. apparent authority. c. transaction authority. d. actual authority.
Consider the following product structure
If the demand for product A is 30 units, and there are 10 units of B on hand and none of C, how many units of part D will be needed? A) 3 B) 40 C) 70 D) 90 E) 110
Sound Financials Corporation sends daily e-mail ads to its previous customers and those who have opted to receive the notices.Instable Investments, Inc, sends e-mail ads to any e-mail address that Instable can find on the Web or otherwise generate. Refer to Fact Pattern 7-1. Sound Financials and Instable Investments are subject to the laws of the states in which they are located and do business
Thirty-seven states A) prohibit or regulates the use of spam.prohibit or regulates the use of spam. B) require the use of spam by business entities. C) ban the use of spam altogether. D) preempt the application of state law to commercial e-mail.