In the formula y = a + bX, y represents
a. fixed costs.
b. total cost.
c. variable costs.
d. mixed costs.
B
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Robert is hired as a sales representative for a company that manufactures fire extinguishers. His job description reads as follows: "The key duty of the sales representative is to unravel the customer's problems using the company's products"
Which of the following positions would best describe Robert's profile? A) deliverer B) technical salesperson C) missionary salesperson D) order taker E) solution vendor
The final step in the process for developing customer-defined standards is to:
A. Provide feedback about performance to customers B. Provide feedback about performance to employees C. Establish measures and target levels D. Periodically update target levels and measures E. Track measures against standards
Lenny, who lives in New York City, deposited in his checking account a check from his mother, who also lives in New York City. The bank must make the funds available
A) immediately. B) on the next business day. C) two days after the deposit day. D) after the check clears the Federal Reserve System.
Answer the following statement(s) true (T) or false (F)
The "best" strategic plan will be influenced by the abilities of the entrepreneur, the complexity of the venture, and the nature of the industry.