The minimum amount of desired divisional income from operations is set by top management by establishing a maximum rate of return considered acceptable for invested assets
Indicate whether the statement is true or false
False
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When a corporation owns less than 20% of the stock of another company, dividends received are not treated as income
a. True b. False Indicate whether the statement is true or false
People within the same demographic group typically also share psychographic characteristics
Indicate whether the statement is true or false
In a break-even problem, which costs are considered?
a. Fixed costs b. Variable costs c. Both fixed and variable costs d. Neither fixed nor variable costs
Because there are many firms in monopolistic competition markets,
A. price controls may be implemented. B. producers do not have to consider the reactions of rival firms. C. government often encourages consolidation to reduce the number of competitors. D. the many competitors will focus on product differentiation. E. everyone is a price taker.