Figure 11-2Figure 11-2 above represents the four approaches to selecting an appropriate price level. Box B includes standard markup and cost-plus so it represents which approach?
A. demand-oriented approach
B. competition-oriented approach
C. profit-oriented approach
D. cost-oriented approach
E. results-oriented approach
Answer: B
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Answer the following statements true (T) or false (F)
1. One of the factors to contribute to a successful spend analysis is the unavailability of accurate, timely, and detailed expenditure data. 2. A characteristic of strategic purchases is that they exploit full purchasing power. 3. Conglomerate is a category in classifying buyer–supplier relationships. 4. Transactional relationships are related to buy-and-sell exchanges of goods and services. 5. Collaborative relationships require early supplier involvement.
Which of the following sets of activities are adaptive leaders said to engage in with others?
A. motivate, crystallize, delegate B. mobilize, motivate, orient C. organize, direct, manage D. conceptualize, heal, serve
Gross Company established a $250 petty cash fund on January 1. On March 1, the fund contained $160 in receipts for miscellaneous expenses and $85 in cash. If the entries to record the disbursements and to replenish the fund are combined, what effect will the resulting entry have on the elements of the financial statements?
A. Decrease total assets by $165 B. No effect on total assets C. Decrease stockholder's equity by $160 D. Increase stockholder's equity by $165
Which of the following is usually NOT a reason to hold inventory?
a. to drive up price b. to smooth out fluctuations in production c. to hedge against variations in demand and supply d. to decouple one step in the production process from another