Which of the following is NOT a disadvantage of the sole proprietorship?
A) limited management expertise B) limited liability for the owner
C) limited lifetime of the business D) limited access to capital
B
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Which of the following levels of competition can be determined from observation and external data sources?
A) product form and product category B) product form and generic C) product category and generic D) product form and budget
What is the variable cost per minute? (Round your answer to the nearest cent.)
The phone bill for a company consists of both fixed and variable costs. Refer to the four-month data
below and apply the high-low method to answer the question.
A) $1.17
B) $6.52
C) $0.85
D) $0.11
If a company used two overhead accounts (actual overhead and applied overhead), the one that would receive the most debits would be
a. actual overhead. b. applied overhead. c. both would receive an equal number of debits. d. impossible to determine without additional information.
According to the theory of constraints, a bottleneck limits the:
a. demand for the products. b. selling price of the products. c. output that results from the production process. d. unit cost of the products.