A _______ cost that does not differ between alternatives is never relevant in a decision
Fill in the blank(s) with the appropriate word(s).
Ans: future
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When Joe's Coffee Nook raised the price of a latte, Joe noticed a substantial change in his daily latte sales. A price reduction caused his sales to increase. From this information, you can assume the demand for lattes is ________
A) static B) supply-driven C) asymmetrical D) elastic E) inelastic
Coca-Cola introduced a new product called Diet Coke in Japan. Sales of this product were low in the initial stages because Japanese women associated the word diet with weakness; however, changing the name of the product from Diet Coke to Coke Light proved effective. Which of the following product issues affected the sales of Diet Coke in this scenario?
A. quality B. country-of-origin effect C. manufacturing D. brand strategy E. fitting the product to the culture
Martin Company reported net income of $14,900 on gross sales of $82,500. The company has average total assets of $117,700, of which $102,500 is property, plant and equipment. What is the company's return on investment? (Round your answer to 2 decimal places.)
A. 18.06% B. 14.54% C. 12.66% D. 70.09%
Inference of the existence of a general partnership is drawn only if profits are received as ________
A) share in a partnership B) payment of wages C) interest owed on a loan D) a debt owed to a creditor