Marketing ethics refers to the moral or ethical dilemmas that might arise in a business setting, according to various moral and ethical principles that might arise in a business setting, and any special duties or obligations that apply to persons engaged in commerce.
Answer the following statement true (T) or false (F)
False
Business ethics refers to the moral or ethical dilemmas that might arise in a business setting according to various moral and ethical principles that might arise in a business setting, and any special duties or obligations that apply to persons engaged in commerce.
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Averette & Averette Averette & Averette, a local dental practice, currently makes its own dentures for customers. The dental practice has one part-time employee who comes in weekly to make dentures. The employee is paid $150 per denture set. The direct materials and variable overhead cost per set of dentures is $75 and $25, respectively. In addition, the practice allocates $10,000 of fixed
overhead to the denture-making department. The practice makes 1,000 sets of dentures per year. An outside company who specializes in the making of dentures has offered to make each set of dentures for Averette & Averette for $255 per set. Refer to the Averette & Averette information above. If Averette & Averette outsources the making of dentures, the net income will: A) decrease by $15,000. B) increase by $5,000. C) increase by $15,000. D) decrease by $5,000.
The two variances for variable overhead are
A) spending and efficiency variances B) spending and budget variances C) budget and volume variances D) spending and volume variances E) volume and efficiency variances
The method of Lagrange multipliers can only be used in solving nonlinear programming problems with one equality constraint
Indicate whether this statement is true or false.
Wally owns 200 acres of land. Wally offers to sell the land to Robert for $1,500 per acre. Robert replies that he does not need 200 acres of land but would like to buy 40 acres at $1,500 per acre. Wally agrees to sell but does not identify which 40 acres. Later, Wally refuses to sell any land to Robert. What is the result?
A) Robert wins; this is an enforceable contract with complete and definite terms. B) Robert wins; the UCC will decide which 40 acres are to be sold. C) Wally wins; the original offer was not intended to be an offer but merely an invitation to negotiate. D) Wally wins; this agreement is too indefinite since it does not identify which 40 acres are to be sold.