Benny's Bookmarks sells hand-stitched bookmarks at country fairs. His business is doing well. He is investigating buying a stitching machine to allow him to make the bookmarks more efficiently. The current manual method costs $1 per bookmark to stitch. A new machine costs $1000, and it will cost $0.50 to make a bookmark. How many bookmarks must be produced to break even?
$1 * Q = $1000 + $0.50Q
$0.5Q = 1000
Q = 2000 bookmarks
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Sugar and Spice Foods is famous for its cupcakes. One of the main ingredients of the cupcakes is sugar, which Sugar and Spice purchases by the pound. In addition, the production requires a certain amount of direct labor. Sugar and Spice uses a standard cost system, and at the end of the first quarter, there was a favorable direct labor efficiency variance. Which of the following is a logical explanation for that variance?
A) The cost of workers' medical insurance plans jumped up dramatically during the quarter. B) The factory lost two experienced workers at the beginning of the quarter, and their replacements wasted a large amount of direct materials during their training period. C) The purchasing manager was able to secure a volume discount on dried fruit, purchasing the sugar for less than the amount set by standard. D) The production staff changed the work flow process so that production required fewer direct labor hours than the standards allowed.
The overriding concern of the SEC is that ________
A) all companies have the right to know as soon as possible whether they will need to appear in court B) all public relations practitioners should be the first to receive material information C) all investors have an opportunity to learn about material information as promptly as possible D) management, public relations practitioners, other employees are guaranteed access to material information before outside investors
Which of the following is a criticism of online panels?
a. They lead to biased and misleading results as members receive incentives to join the panel. b. They require the presence of a moderator to control the discussion. c. They lead to incorrect results as panel providers are not permitted to select panel members based on the current requirement. d. They involve very long discussion times as panel members discuss among themselves while offering suggestions.
Isabella was hit by a car while she was walking on the road and sustained minor injuries. She filed a case against the car driver. As the case was being investigated, several witnesses on the road provided various statements about the accident. In this scenario, which of the following is most likely a reason for contradictory statements of the witnesses??
A) Rapport created by previous dealings B) ?Individual differences in perception C) ?Inability to decode nonverbal cues D) ?Ineffectiveness of the communication channel