A membership relationship is a formalized relationship between the firm and an identifiable customer that may offer special benefits to both parties

Indicate whether the statement is true or false


True

Business

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Nuisance tariffs

A. annoy importers with red tape, administrative paperwork, and added expense. B. are found in developed nations more than in developing nations. C. have no point other than to indicate that tariffs regulations change quickly. D. are an historical anomaly.

Business

Huang Company reported the following information for the current year:    Sales$400,000 Average Operating Assets$250,000 Margin 10% The company's return on investment was:

A. 10%. B. 16%. C. 6.25%. D. Cannot be ascertained from the information provided.

Business

The first step in formulating a linear programming model is to define the objective function

Indicate whether this statement is true or false.

Business

Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June.    Sales (8,800 units)$528,000Variable expenses 290,400Contribution margin 237,600Fixed expenses 211,700Net operating income$25,900 If the company sells 9,200 units, its net operating income should be closest to:

A. $27,077 B. $36,700 C. $49,900 D. $25,900

Business