If the cost of manufacturing (direct labor and materials) is 50% of sales and profit is 15% of sales,
what would the profit percentage be if the direct costs of manufacturing was reduced from 50% to
47%?
A) 6% B) 12% C) 15% D) 18% E) 3%
D
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Which of the following is true with regard to factor rating method?
a. Rate the importance of each factor on a scale of 1 to 5 (with 1 being low and 5 being very highly important). b. Identify the one factor that is common to all locations. c. For each factor and each location, compute a score by summing the factor rating and the location rating. d. The location with the highest subjective rating is chosen.
?Changing the hours of operation for a service business involves the ____ component of the marketing mix.
A. ?product B. ?price C. ?distribution D. ?promotion E. ?marketing concept
The Lloyd?La Follette Act of 1912, gave the right to join unions to:
a. postal workers. b. carpenters. c. nurses. d. news paper editors.
A treasurer is commonly responsible for handling ________
A) tax management B) corporate accounting C) investing surplus funds D) cost accounting