JC Penney sends representatives to shop at similar retailers to make sure it is charging comparable prices for its products. JC Penney probably uses a _____ strategy.
A. leader pricing
B. preemptive pricing
C. status quo pricing
D. flexible pricing
E. functional pricing
Answer: C
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Tungsten, Inc. manufactures both normal and premium tube lights. The company allocates manufacturing overhead using a single plantwide rate with machine hours as the allocation base. Estimated overhead costs for the year are $106,000. Additional estimated information is given below.
Calculate the predetermined overhead allocation rate. (Round your answer to the nearest cent.)
A) $3.53 per direct labor hour
B) $1.66 per machine hour
C) $3.12 per machine hour
D) $0.23 per direct labor hour
Which one of the following statements does NOT correctly explain a logic model?
a. A logic model is a systematic and visual way to present the relationships among resources, activities, and changes or results to be achieved. b. A logic model illustrates the cause-and-effect mechanism(s) by which an evaluand meets certain needs or achieves certain effects. c. A logic model is an evaluation tool; therefore, it is inappropriate to use it as a planning tool. d. A logic model provides stakeholders with a road map describing the sequence of related events, connecting the need for the planned program with the program’s desired results.
If Southwest Airlines closely evaluates the products and processes of United Airlines with the intent of improving quality among their own products and practices, Southwest is using
A. SWOT analysis. B. long-term strategy. C. partnering strategy. D. benchmarking. E. goal establishment.
In general, to represent a nominal independent variable that has m possible categories, we must create:
a. (m + 1) indicator variables. b. m indicator variables. c. (m - 1) indicator variables. d. (m - 2) indicator variables.