High-quality (high-rated) bonds provide lower returns than lower-quality (low-rated) bonds
Indicate whether the statement is true or false
TRUE
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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units, and sold 20,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under absorption costing?
A. $60,000 B. $110,000 C. $50,000 D. $310,000 E. $250,000
?You will give the keynote address at the annual meeting of the American Manufacturing Association. You realize most of the attendees think marketing is just advertising. So, you decide to start your keynote address by defining what marketing is in order to set the proper context for your speech. ? You define marketing as:
A. ?the process of creating, distributing, promoting, and pricing goods, services, and ideas to facilitate satisfying exchange relationships with customers. B. ?the process of persuading or seeking to persuade a customer or organization to take a preferred course of action.? C. ?the process of speaking or writing in support or defense of a firm's products or services. D. ?the process or practice of calling public attention to a firm's goods and services through communications in print media, social media or other forms of information distribution. E. ?the process of proving that a product or service offered by an organization meets or exceeds customers' expectations.
A person with voidable title has power to transfer valid title for value to a good faith purchaser
Indicate whether the statement is true or false
Define the bottom of the pyramid. How can the bottom of the pyramid offer business opportunities?
What will be an ideal response?