Profit is equal to the price charged to customers multiplied by the number of units sold.
Answer the following statement true (T) or false (F)
False
This is revenue. Profit is revenue minus expenses.
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Which of the following is not a required disclosure in an interim financial report?
A. Net income. B. Significant changes in estimates or provisions for income taxes. C. Earnings per share. D. Gross profit. E. Disposal of a component, net of income taxes.
A customer walks into a pizza restaurant and orders a pizza to meet her exact requirements. This type of pizza restaurant is operating (at least partially) as a _________ process.
a. Assemble-to-Order b. Make-to-Stock c. Make-to-Order d. Assemble-to-Stock
Which of the following is the best opening sentence for a direct response message?
A) Here are the answers to the questions you asked about our banquet facilities. B) Thank you for your e-mail message of March 25. C) We look forward to helping you with all of your banquet needs. D) Your e-mail of March 25 was forwarded to me.
By relying on objective information to build support for an initiative, a manager
A. can ensure everyone's personal interests are considered. B. causes others to believe that what the manager is proposing is the appropriate or rational thing to do. C. can develop mutually beneficial relationships with people both inside and outside the organization. D. generates knowledge in all aspects of the organization. E. ensures that everyone who supports the proposal benefits personally.