Convert the following mixed number to an improper fraction: 
A. 
B. 
C. 
D. 
Answer: D
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A company was the victim of several frauds that totaled approximately $10 million in one year. With a profit margin of 10 percent, and assuming that the company's product sold for $1,000 per unit, how many additional units must the company sell to compensate for the fraud losses?
a. 1 million b. 100 million c. 100,000 d. 10,000
A standard cost system is one:
a. that provides a separate record of cost for each special-order product. b. that uses predetermined costs to furnish a measurement that helps management make decisions regarding the efficiency of operations. c. that accumulates costs for each department or process in the factory. d. where costs are accumulated on a job cost sheet.
Leader behavior is more important than leader traits when it comes to effectiveness.
Answer the following statement true (T) or false (F)
Which of the following statements regarding internal development as a means of diversification is false?
A. An advantage of internal development is that it is generally faster than other means of diversification. B. Firms can often develop products or services at a lower cost if they rely on their own resources instead of external funding. C. The firm can capture wealth created without having to share the wealth with alliance partners. D. Many companies use internal development to extend their product or service offers.