Anything for which managers want a separate measurement of cost is called a ________.
A) responsibility center
B) cost object
C) profit object
D) conversion cost
B) cost object
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The objective of which phase of the buying process is for the buyer not only to have a list of potential suppliers, but to also identify those who are qualified?
A) evaluate proposals and select a supplier B) request proposals C) establish specifications D) search for and qualify potential suppliers
The development of a new television show using the same format as an existing series is an example of a dynamically continuous innovation
Indicate whether the statement is true or false
Roger, a minor, buys a stereo from Tuneland, Inc Roger uses the stereo for a few months, returns it to Tuneland, and demands his money back. In a majority of states, Roger may return the stereo and he does not have to pay for the use of the stereo or the damages
a. True b. False Indicate whether the statement is true or false
In Leegin Creative Leather Products v. PSKS, a maker of leather goods would not sell to stores that would not follow its pricing policy (resale price maintenance). The Supreme Court held that:
a. resale price maintenance is always illegal as stated in Dr. Miles Medical Co. v. John D. Park & Sons b. resale price maintenance can help promote intrabrand competition, which is the primary purpose of the antitrust laws c. vertical price fixing can help promote intrabrand competition, which is the primary purpose of the antitrust laws d. resale price maintenance can help promote interbrand competition, which is the primary purpose of the antitrust laws e. horizontal price fixing can help promote interbrand competition, which is the primary purpose of the antitrust laws