Which of the following consumer decision-making processes will probably be used in purchasing toothpaste?
A. Extended decision making
B. Routinized response behavior
C. Intensive decision making
D. Limited decision making
E. Perceptual scanning
Answer: B
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The ________ details how the business expects to go from the beginning cash balance to the desired ending cash balance.
A) capital expenditures budget B) budgeted income statement C) cash flow statement D) cash budget
Which of the following measures by a government constitutes a subsidy?
a. Making loans at more than the prevailing commercial interest rates b. Not collecting taxes otherwise due c. Purchasing goods from firms at a lower price than what would be paid in the marketplace d. All of the above
Under the Safe Drinking Water Act the EPA sets the federal levels to be enforced, but states, which can have higher standards, mainly enforce the standards
Indicate whether the statement is true or false
Neuhaus Corporation manufactures one product. It does not maintain any beginning or ending Work in Process inventories. The company uses a standard cost system in which inventories are recorded at their standard costs. There is no variable manufacturing overhead. The standard cost card for the company's only product is as follows:InputsStandard Quantityor HoursStandard Priceor RateStandard CostDirect materials1.7gallons$7.50per gallon$12.75Direct labor0.70hours$21.50per hour 15.05Fixed manufacturing overhead0.70hours$6.00per hour 4.20Total standard cost per unit $32.00During the year, the company completed the following transactions:a. Purchased 52,900 gallons of raw material at a price of $7.60 per gallon.b. Used 46,820 gallons of the raw material to produce 27,600 units of
work in process.Assume that all transactions are recorded on the below worksheet, which is similar to the worksheet shown in your text except that it has been divided into two parts so that it fits on one page. The beginning balances in each of the accounts have been given. PP&E (net) stands for Property, Plant, and Equipment net of depreciation.?CashRaw MaterialsWork in ProcessFinished GoodsPP&E (net)?1/1$1,160,000$45,900$0$67,200$757,400=a.?????=b.?????=?Materials Price VarianceMaterials Quantity VarianceLabor Rate VarianceLabor Efficiency VarianceFOH Budget VarianceFOH Volume VarianceRetained Earnings1/1$0$0$0$0$0$0$2,030,500a.???????b.???????When recording the raw materials used in production in transaction (b) above, the Raw Materials inventory account will increase (decrease) by: A. $355,832 B. $351,150 C. ($351,150) D. ($355,832)