Which of the following is a likely constraint on the production quantity x associated with a maximum value and a setup variable y in a fixed-cost problem?
a. x ³ My
b. x £ My
c. Mx £ y
d. xy ³ M
b
RATIONALE: x £ My is a likely constraint on the production quantity x associated with a maximum value and a setup variable y in a fixed-cost problem.
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Which of the following is more likely to help detect occupational frauds?
a. An internal audit b. An external audit c. A tip d. Internal controls
In the business market, wheat and lumber are examples of ________
A) components B) equipment C) processed materials D) MRO products E) raw materials
Which of the following transactions occurs when a seller sells goods to a buyer on credit and retains a security interest in the goods?
A) two-party secured B) three-party secured C) perfected D) attached
Recently, the number of people who attended music concerts, plays, and other live entertainment increased because they had the ________ to enjoy these activities.
A. gross income B. disposable income C. discretionary income D. bonus income E. profit