Examine the pros and cons of being the first in a market.
What will be an ideal response?
The major advantages of being first are the company (1) creates a strong lead in the market and (2) achieves experience. The major disadvantages are (1) the first entrant must stay ahead of technology in the field and (2) the cost of yielding the first position to someone else could be very heavy.
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Preferred stockholders must receive their current-year dividends before the common stockholders can receive any dividends
a. True b. False Indicate whether the statement is true or false
Darke Corporation makes one product and has provided the following information:a.Budgeted unit sales for October, November, and December are 7,600, 9,000, and 10,100 units respectively. b.The ending finished goods inventory equals 40% of the following month's sales. c.Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $1.00 per pound. d.The direct labor wage rate is $19.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. e.Manufacturing overhead is entirely variable and is $11.00 per direct labor-hour. The estimated finished goods inventory balance at the end of November is closest to:
A. $250,480 B. $294,920 C. $383,800 D. $133,320
Prolifik, a software startup, received an award for the best innovative business. They developed a new software application that can be used by manufacturing industries around the world. The employees worked hard to achieve this feat. Which of the following levels of behavior is most likely exemplified in this scenario?
A. Individual B. High-directive-high-supportive (HD-HS) behavior C. Group D. Organizational
In Benny v. City Car Dealership, a state supreme court held that a minor could cancel a con-tract for the sale of a car. Now a trial court in the same state is decid-ing Dora v. Even Steven Auto Deals, Inc, a case with similar facts. Under the doctrine of stare decisis, the trial court is likely to
A) allow the minor to cancel the contract. B) disregard the Benny case. C) ?order the minor to cancel the contract. D) require the minor to fulfill the contract.