Under the Uniform Limited Liability Company Act, only the managers of a manager-managed
LLC have the authority to bind the LLC to a contract.
Indicate whether the statement is true or false
TRUE
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Once a company decides to target a particular country, it must determine the best mode of entry. List the market entry strategies in order from low risk to high risk
What will be an ideal response?
The target population should be defined in terms of elements, sample units, extent and time frame
Indicate whether the statement is true or false
Comfort Cruiser Company manufactures 100 luxury yachts per month. Included in each yacht is a compact media center. Comfort Cruiser manufactures the media center in-house. The company is considering the possibility of outsourcing the production of the media centers in order to close down some of its facilities and reduce the administrative costs. At present, the variable cost per unit is $275, and fixed costs are $55,000 per month. Assume that if it outsources, fixed costs could be reduced by 60%. The production manager advised the company to contract with a foreign supplier who offered a contract cost of $410 per unit. If it outsources the media center, how would that affect operating income?
A) Operating income would increase by $19,500. B) Operating income would increase by $33,000. C) Operating income would decline by $19,500. D) Operating income would remain the same.
Which of the following interested parties should not have access to the venture's business plan?
A. Lenders B. Competitors C. Investors D. Suppliers