Strict liability based on express warranties was applied originally to alcohol and tobacco products
a. True
b. False
Indicate whether the statement is true or false
False
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Minor Electric has received a special one-time order for 1,500 light fixtures (units) at $5 per unit. Minor currently produces and sells 7,500 units at $6.00 each. This level represents 75% of its capacity. Production costs for these units are $4.50 per unit, which includes $3.00 variable cost and $1.50 fixed cost. To produce the special order, a new machine needs to be purchased at a cost of $1,000 with a zero salvage value. Management expects no other changes in costs as a result of the additional production. If Minor wishes to earn $1,250 on the special order, the size of the order would need to be:
A. 4,500 units. B. 300 units. C. 1,125 units. D. 2,250 units. E. 625 units.
Organizations are required by law to comply with ethical guidelines.
Answer the following statement true (T) or false (F)
________ are used to determine how well a company is managing its assets
A) Activity ratios B) Leverage ratios C) Liquidity ratios D) Market ratios E) Profitability ratios
When reruns of a popular network program are sold to individual stations for rebroadcast, it is known as ________ syndication.
A. first-run B. barter C. classic D. off-network E. audience-supported