Two universities located within 30 miles of each other agree to allocate their customers so as to help them both. The two schools draw a line down a map, and each university agrees to accept students only on their side of the line. What type of horizontal cooperative strategy does this represent?
A. market division
B. refusal to deal
C. reciprocal dealing
D. joint venture
Answer: A
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Which of the following best describes a country that is actively engaged in international trade and has robust manufacturing, service, and financial sectors?
A) subsistence economy B) raw materials exporting economy C) industrializing economy D) industrial economy E) free-trade economy
How did the Paris Agreement differ from the Kyoto Protocol?
a. Its provisions were binding on signatories. b. Fewer countries participated. c. It did not make GHG emissions a priority. d. It was less strict on developing countries like China.
Which of the following is generally NOT a defense to a claim against a manufacturer under 402A?
A) Contributory negligence on the part of the plaintiff B) Express assumption of the risk C) Misuse or abuse of the product D) Subsequent alteration of the product by the plaintiff
Tustin Corporation has provided the following data for its two most recent years of operation: Selling price per unit$68 Manufacturing costs: Variable manufacturing cost per unit produced: Direct materials$10Direct labor$6Variable manufacturing overhead$4Fixed manufacturing overhead per year$220,000Selling and administrative expenses: Variable selling and administrative expense per unit sold$6Fixed selling and administrative expense per year$61,000 Year 1Year 2Units in beginning inventory01,000Units produced during the year11,00010,000Units sold during the year10,0007,000Units in ending inventory1,0004,000The unit product cost under variable costing in Year 1 is closest to:
A. $20.00 B. $46.00 C. $26.00 D. $40.00