RST Company offers a qualified retirement plan. Each employee contributes 4 percent of his or her pretax income to the plan, and RST matches the employee's contribution
An employee's benefit at retirement is determined by his or her account balance at the time of retirement. What type of retirement plan does RST offer?
A) defined benefit, flat percentage of annual earnings
B) defined benefit, flat dollar amount for all employees
C) defined benefit, unit-credit formula
D) defined contribution money purchase plan
Answer: D
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When considering where to export, advantages to managers of focusing on a nation that is already a sizable purchaser of goods coming from the home country include the fact that
A. the countries have similar levels of economic development. B. the cultures of the two countries should be relatively similar and compatible. C. the two countries are part of the same regional trade agreement. D. export and import regulations are not insurmountable. E. the climate for foreign direct investment in the importing nation is relatively favorable.
Demand-backward pricing
A. is an average-cost pricing approach. B. starts with an acceptable final consumer price and works backward to what producers can charge. C. ignores demand estimates. D. is only sensible when the channel captain is a large retailer. E. None of these answers is correct.
Which of the following tactics are used to resist unwanted influence attempts or to modify requests to be more acceptable for the target person?
A) proactive influence B) political C) impression management D) reactive influence
Blair Stationery Company is a price-taker and uses target pricing
The company has just done an analysis of its revenues, costs, and desired profits and has calculated its target full product cost. Assume all products produced are sold. Refer to the following information: Target full product cost $510,000 per year Actual fixed cost $260,000 per year Actual variable cost $3 per unit Production volume 152,000 units per year Actual costs are currently higher than target full product cost. Assuming that fixed costs cannot be reduced, what are the target total variable costs? A) $260,000 B) $456,000 C) $250,000 D) $510,000