Which of the following is NOT a tangible cost of waiting lines?
a. wages paid to workers while the factory remains idle
b. costs of materials used while waiting
c. lost sales because customers decided to go elsewhere
d. lost productivity while workers are idle
c. lost sales because customers decided to go elsewhere
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The statement of retained earnings discloses the dividends declared during the period
Indicate whether the statement is true or false
Briefly explain a "big bath" including when it occurs and why it occurs
As activity increases, the fixed cost per unit increases while the variable cost per unit remains constant.
Answer the following statement true (T) or false (F)
If consumers receive merchandise that they did not order:
a. They must pay for the merchandise within three days. b. They must return the goods but are not liable for shipping costs. c. They must return the goods and pay for return shipping if a return label was not included. d. They may treat the merchandise as a gift and not pay for it or return it.