If a company had a pure fixed cost structure, what would be the relationship between a given dollar increase in sales and net income?
What will be an ideal response?
Answers will vary
With a fixed cost structure, a given dollar increase in sales would result in an equal increase in net income.
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Compared to face-to-face teams, virtual teams tend to:
a. have much higher productivity. b. have poorer social relations. c. be easily distracted from the task. d. have less equal participation in decision making.
Samuel Tate enters into a contract with Bill Smith under the terms of which Smith is to pay Tate $7,000 and Tate is to build a garage, repair a boat, and build a doghouse. If the doghouse has not yet been built, which term describes the type of contract in existence?
a. Quasi contract. b. Executed contract. c. Illusory contract. d. Executory contract.
Which of the following statements about the protection provided by the Pension Benefit Guaranty Corporation is (are) true? I. Only defined benefit plans are insured. II. Only benefits that are not yet vested are guaranteed
A) I only B) II only C) both I and II D) neither I nor II
Identify a true statement about the different approaches identified by Dutch researcher, Fons Trompenaars to describe the ways in which people deal with the concept of time.
A. People in the United States adjust their approach because of factors that are beyond their control. B. People in Mexico often build slack into their schedules to allow for interruptions. C. People in Mexico give utmost importance to the particular path or sequence used to reach an end. D. People in the United States operate under more of a synchronous-time orientation.