A business segment is a part of a company that is separated by its (1) ________ or (2) ________.
What will be an ideal response?
products/services; geographic locations (answers can appear in any order)
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From employers' perspective, an advantage of merit pay is that it is cheap.
Answer the following statement true (T) or false (F)
Which of the following items should be classified as an extraordinary item on a corporate income statement?
a. Excess of the selling price over the cost of treasury stock b. Loss due to takeover of property by a foreign government c. Gain on the sale of a long-term investment d. Loss due to discontinued operations
In a make or buy decision, the reliability of a potential supplier is
a. an irrelevant decision factor. b. relevant information if it can be quantified. c. an opportunity cost of continued production. d. a qualitative decision factor.
Larry's Fish Market buys salmon (S) for $5 per pound and a local whitefish (W) for $3.50 per pound. Larry wants to minimize his cost, but he cannot spend more than $160. The objective function that minimizes these costs for Larry is:
A) 5S + 3.5W ? 160. B) Min 5S + 3.5 W. C) Max 5S + 3.5 W. D) Min 5S + 3.5W ? 160.