An organization wants to ensure each applicant has the skills necessary to perform the job. What type of test should the organization administer?
A. morale
B. trait
C. personality
D. ability
E. behavioral
Answer: D
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Using the standard costs of $5 per pound for a 10 pound bag of chocolate and the following actual cost and usage data, compute the direct materials price variance. Direct materials purchased and used 99,000 pounds Price paid for direct materials $4.00 per pound Number of good units produced 9,000 units
a. $45,000 (F) b. $45,000 (U) c. $54,000 (F) d. $99,000 (F)
Profit margins at grocery stores are:
a. 9 to 10%. b. 20-20%. c. 1 to 2%. d. About the same as other retailers, or 50%.
Amanda ordered fifty personalized sweatshirts from King Manufacturing Company. After the shirts were specially imprinted, but before they were mailed, Amanda called King Manufacturing to disavow the contract. The next day the sweatshirts were stolen. Who must bear the loss?
A) Amanda must pay the entire purchase price, because she breached the contract. B) King will have to bear the entire loss, because it had not yet mailed the shirts. C) Amanda must bear the entire loss, because the shirts were identified to the contract. D) King must first seek payment from its insurance carrier, and then collect from Amanda for any amount not covered by insurance.
Firms that price their products solely on the basis of costs are adhering to the marketing concept.
Answer the following statement true (T) or false (F)