Clarifying goals, determining how the group will function, and setting standards is which part of the team development process?
a. Norming
b. Performing
c. Forming
d. Working
e. Storming
a
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Credit card companies must now give a 45-day notice of any rate hike.
Answer the following statement true (T) or false (F)
Comfort Cruiser Company manufactures 100 luxury yachts per month. Included in each yacht is a compact media center. Comfort Cruiser manufactures the media center in-house. The company is considering the possibility of outsourcing the production of the media centers in order to close down some of its facilities and reduce the administrative costs. At present, the variable cost per unit is $275, and fixed costs are $55,000 per month. Assume that if it outsources, fixed costs could be reduced by 60%. The production manager advised the company to contract with a foreign supplier who offered a contract cost of $410 per unit. If it outsources the media center, how would that affect operating income?
A) Operating income would increase by $19,500. B) Operating income would increase by $33,000. C) Operating income would decline by $19,500. D) Operating income would remain the same.
Which of the following is NOT true with regard to an amortization table?
A) The interest payment for a period is equal to the periodic interest rate multiplied by the beginning-of-the-period principal balance. B) The remaining principal balance at the end of a payment period is equal to the beginning-of-the-period principal less the total payment. C) The total payment is calculated by using the present value of an annuity formula. D) All of the above are true.
The primary function of most media is to
A. prepare the budget for the advertising and promotion process. B. provide information and entertainment to their audience. C. assist the market research organization by conducting market surveys. D. compensate ad agencies through a commission system. E. coordinate their activities with direct-marketing agencies.