The United States' Property-Liability insurance industry wrote how many billion worth of premiums in 2008?
A) 25.4
B) 97.4
C) 317
D) 439.8
D
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Miguel Foods, Inc purchased a patent at the beginning of 2013 for $350,000 . Economic benefits were expected for 7 years, but the patent's legal life was 20 years. Also during 2013, the company incurred research and development costs of $270,000 . Patent amortization expense for 2013 is
a. $11,000 b. $17,500 c. $31,000 d. $50,000
Keegan, the human resource manager at R&S Inc., is advising the company's business executives that paying more for labor than competitors can support the company's strategy. Under what conditions might Keegan's idea be most valid?
A. R&S pays more to attract top talent, applying employees' knowledge to be more innovative than competitors. B. R&S hopes other companies will eventually match R&S's pay scale. C. Labor costs are a large part of R&S's total costs. D. R&S intends to charge more than competitors for the same kinds of products. E. R&S is developing a low-price strategy that will generate more sales.
A firm's marketing department must partner with other company departments to produce superior value for customers
Indicate whether the statement is true or false
“Quality is a virtue of design” means that if products are well designed, all of the following will be true, EXCEPT ______.
a. there will be fewer operations problems b. the product will be easier to sell c. the design process will be shorter d. servicing the product will be less costly