Which of the following statements describes a problem with demand-based pricing for services?
A. Prices may not reflect customer value
B. Labor is more difficult to price than materials
C. Heterogeneity of services limits comparability
D. Costs are difficult to trace
E. Monetary price must be adjusted to reflect the value of non-monetary costs
Answer: E
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What style is the following citation? Baudrillard, J. (1995). Simulation and Simulacra. (S. Glaser, Trans.) Ann Arbor : University of Michigan Press
A) A book with one author, MLA. B) A signed article in a journal, APA. C) A book with three or more authors, APA. D) A translated book, APA.
John is president and sole shareholder of Photo Inc. Photo Inc., wishes to borrow money, but to
do so, the bank requires John to orally guarantee to repay the loan if Photo Inc., cannot. John's guaranty to repay is: A) Enforceable, because the main purpose of the loan and the guarantee was to benefit John. B) Enforceable, because in general, guaranty contracts do not need to be in writing. C) Unenforceable, because in general, guaranty contracts need to be in writing. D) Unenforceable, because John did not sign any agreement.
The Fortune Company reported the following income for Year 2:Sales$130,000 Cost of goods sold 80,000 Gross margin$50,000 Selling and administrative expense 15,000 Operating income$35,000 Interest expense 5,000 Income before taxes$30,000 Income tax expense 10,000 Net income$20,000 What is the company's number of times interest is earned ratio?
A. 4 times B. 7 times C. 6 times D. None of these answers is correct.
Describe the advantages and disadvantages of a general partnership.
What will be an ideal response?