Briefly define a business cluster. Give a location that exemplifies a real-life example of a business cluster, which is not listed in the textbook. Describe why it should be considered a business cluster.
What will be an ideal response?
Business cluster - Geographic concentration of interconnected firms in a particular field
Some possible examples:
Hollywood ? Film industry
Silicon Valley ? Software and technology
Las Vegas ? Casino industry
Mexico ? Electronic manufacturers
Vietnam - Garment manufacturers
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The cash budget and the budgeted financial statements are collectively known as the ________.
A) operating budget B) master budget C) financial budget D) production budget
______ are consciously held explanations of the observable features of culture.
A. Characteristics B. Values C. Beliefs D. Thoughts
If you use a postscript (P.S.) in a sales letter, it should contain new and interesting information
Indicate whether the statement is true or false
The following data relate to Jupiter Company, a new corporation, during a period when the firm produced and sold 100,000 units and 90,000 units, respectively:Direct materials used$400,000Direct labor200,000Variable manufacturing overhead120,000Fixed manufacturing overhead250,000Selling and administrative expenses: ? Variable45,000 Fixed 300,000The company met its original planned production target of 100,000 units. There were no variances during the period, and the firm's selling price is $15 per unit.Required: A.What is the cost of Jupiter's end-of-period finished-goods inventory under the variable-costing method?B.Calculate the company's variable-costing income.C.Calculate the company's absorption-costing income.
What will be an ideal response?