The base level of sales must be held constant to compare the total leverage associated with different levels of fixed costs
Indicate whether the statement is true or false
TRUE
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________ are consumers who refuse to sacrifice style, but they achieve on a budget
A) Fashionistas B) Frugalistas C) Nouveau rich D) Cosmopolitanism
Answer the following statements true (T) or false (F)
1. Productivity equals inputs divided by outputs. 2. If a manager increases the efficiency of labor but makes no improvements to the efficiency of capital, an increase in productivity will result. 3. Lumber mills that sell sawdust and wood chips are increasing their efficiency of labor and thereby improving productivity. 4. Raising productivity contributes to an increasing gross domestic product in the United States.
A manufacturing firm's cost of goods manufactured is equivalent to a merchandising firm's:
A. Cost of goods sold. B. Beginning merchandise inventory. C. Ending merchandise inventory. D. Cost of goods available. E. Cost of goods purchased.
Choose the incorrect matching of performance measure to performance category.
a. Percent of waste recycled ? Quality b. Order quantity accuracy ? Customer service c. Inventory turnover ? Financial d. Average time between product failures ? Quality