Cool Runnings operates a chain of frozen yogurt shops. The company pays $5,000 of rent expense per month for each shop. The managers of each shop are paid a salary of $3,000 per month and all other employees are paid on an hourly basis. Relative to the number of shops, the cost of rent is which kind of cost?
A. Opportunity cost
B. Mixed cost
C. Fixed cost
D. Variable cost
Answer: D
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This approach encourages a supportive style of communication
A) defensive B) aggressive C) assertive D) non-assertive
A shareholder is permitted to submit a resolution to be considered by other shareholders only if he or she ________
A) owns at least one percent of all shares of the company B) owns at least $1,000 worth of shares of the company's stock C) has served as a former member of the company's board of directors D) has owned shares of the company of any amount for longer than five years
The basic reason to focus on some specific target customers instead of all possible customers is so that managers can develop a marketing mix that satisfies those customers' specific needs better than they are satisfied by some other firm.
Answer the following statement true (T) or false (F)
The bank manager of a busy downtown location found herself unable to find good teller help so she invested in an ATM to handle the routine withdrawals that tended to occupy an inordinate amount the teller's time
Before she installed the ATM she found that customers were arriving on average every 2 minutes (Poisson distributed) and it took a teller 30 seconds (exponentially distributed) to process their request. The ATM is able to maintain a constant 30 second service time. What is the impact on system utilization? A) There is no change. B) Utilization has dropped by 15%. C) Utilization has dropped by 30%. D) Utilization has dropped by 45%.