In terms of trade areas, the owner of Bubba's Bar and Grille defines his ________ as the geographic area in which 70 percent of his customers live.
A. secondary trading area
B. geographic market
C. tertiary trading area
D. fundamental market
E. primary trading area
Answer: E
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Full-employment output is the amount of output produced when the economy is
A. in recession. B. above the natural rate of unemployment. C. utilizing all of its labor and capital. D. in equilibrium.
In designing the organizational structure, management know two concerns, __________ and __________, run counter to each other.
A. earning profits; paying taxes B. geographic dispersion; profit rate C. hiring employees; reducing labor costs D. an effective way to departmentalize; coordinating activities E. sales growth; research and design expenditures
Using positive law as an ethical standard means simply compliance with the law
Indicate whether the statement is true or false
During December, the production department of a process operations system completed and transferred to finished goods a total of 65,000 units of product. At the end of March, 15,000 additional units were in process in the production department and were 80% complete with respect to materials. The beginning inventory included materials cost of $57,500 and the production department incurred direct materials cost of $183,000 during December. Compute the direct materials cost per equivalent unit for the department using the weighted-average method.
A. $3.12. B. $2.82. C. $3.70. D. $4.79. E. $2.38.