Technology tends to ripple through society until it affects every community.
Answer the following statement true (T) or false (F)
True
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Cultural similarities provide a good basis for making relatively standardized marketing strategies
Indicate whether the statement is true or false
Nolan Company has two segments: Audio and Video. Sales for the Audio Segment were $500,000 . and variable costs were 60% of sales. The Video Segment also had sales of $500,000 . but variable costs were 60% of sales. Fixed costs directly traceable to the Audio and Video segments were $150,00 . and $120,000 . respectively. Common fixed costs of $200,00 . were arbitrarily allocated equally to each
segment. What was the contribution margin of the Audio Segment. a. $50,000 b. $300,000 c. $200,000 d. $150,000
Equifax, a credit-reporting agency, disclosed that it had suffered a massive data breach affecting as many as 143 million people. Hackers had gained unauthorized access to sensitive personal data-Social Security numbers, birth dates, and home addresses-for nearly half of the United States. The company also faced multiple federal investigations including hearings at the U.S. Congress over its handling of the hack and reports that its executives had sold an unusual amount of stock before the breach was publicly disclosed. Effective corporate governance requires Equifax's board of directors to
A. review and approve the company's business model and also review and approve the proposals and recommendations of the CEO as to how to execute the business model. B. provide guidance and counsel to the CEO in carrying out his/her duties as chief strategist and chief strategy implementer. C. strengthen its oversight of the company's strategic direction, evaluate the caliber of senior executives' skills, handle executive compensation, and oversee financial reporting practices. D. work closely with the CEO, senior executives, and the strategic planning staff to develop a strategic plan for the company and then oversee how well the CEO and senior executives carry out the board's directives in implementing and executing the strategic plan. E. play the lead role in forming the company's strategy and then directly supervise the efforts and actions of senior executives in implementing and executing the strategy.
If a company has the capacity to produce either 10,000 units of Product A or 10,000 units of Product B; assuming fixed costs are the same, production restrictions are the same for both products, and the markets for both products are unlimited; the company should commit 100% of its capacity to the product that has the higher contribution margin per unit of operating capacity.
Answer the following statement true (T) or false (F)