A manufacturer spends a large amount of money on research and development, leading to the introduction of a product that is likely to present the firm with a breakthrough opportunity. The manufacturer prices the product with the goal of achieving a 20 percent return on its investment. Which of the following types of pricing objectives is the company using?

A. profit maximization
B. dollar or unit sales growth
C. target return
D. meeting competition
E. nonprice competition


Answer: C

Business

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Culture, when properly aligned with strategy, can be a clear source of ______.

a. happiness b. contentment c. competitive advantage d. employee success

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All of the following are solutions to the problem of high monitoring costs except:

A. seller rating systems. B. watch lists. C. proxy bidding. D. fixed pricing.

Business

Which of the following is not an element of negligence?

A) Duty B) Breach of duty C) Reckless disregard D) Causation

Business

During fiscal year 2020, the Town of Tonawanda issued purchase orders to various vendors in the amounts shown for the following functions of the town: General Government$82,500  Public Safety 148,700  Public Works 130,400  Culture and Recreation 97,300  Health and Welfare 94,800  Miscellaneous 14,200  Total$567,900  All goods ordered during the year were received at the following actual costs: General Government$83,720  Public Safety 147,940  Public Works 131,140  Culture and Recreation 98,780  Health and Welfare 93,970  Miscellaneous 14,300  Total$569,850  a. Prepare a summary journal entry in the General Fund general journal to record the issuance of purchase orders during fiscal year 2020. (If no entry is required for a transaction/event, select

"No Journal Entry Required" in the first account field.)b. Prepare summary journal entries in the General Fund general journal to record the receipt of and payment for goods during fiscal year 2020. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) What will be an ideal response?

Business