Under what circumstances is the sum of variable production and selling costs the appropriate minimum price for special orders?
Variable costs would serve as the bottom price for a special order only if the special order could be produced on production capacity that would otherwise be idle. Whenever presently employed capacity is partially or wholly surrendered to produce a special order, the special order price would be based on both variable costs and the profit sacrificed on the best alternative use of the capacity.
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A ________ is a third party who agrees to be liable to pay a loan only if the debtor actually defaults.
Fill in the blank(s) with the appropriate word(s).
Which of the following is true of bank spread?
A. The more vigorous the competition among banks, the smaller will be spread between the interest rates on loans and deposits. B. The larger the banks that are competing with each other, the larger will be spread between the interest rates on loans and deposits. C. The spread between the interest rates on loans and deposits will be much narrower in banks in rural areas than the banks in big cities. D. The lower the number of banks in a city, the smaller will be the spread between the banks' interest rates on loans and deposits.
Characterize psychographic segmentation
What will be an ideal response?
Risk identification should address every possible negative event
Indicate whether the statement is true or false