About 85 percent of U.S. companies export their products to other countries on a regular basis.

Answer the following statement true (T) or false (F)


False

About 85 percent of all U.S. exports of manufactured goods are shipped by less than 10 percent of all manufacturing businesses.

Business

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Ending inventory is equal to the cost of items on hand plus

a. merchandise in transit sold to customers FOB shipping point. b. merchandise in transit sold to customers FOB destination. c. the cost of all inventory purchased during the period. d. merchandise purchased in transit with terms FOB destination.

Business

Unit labor costs will not rise in unison with compensation rates if gains in __________ outstrip increases in hourly compensation.

Fill in the blank(s) with the appropriate word(s).

Business

A single facility is needed to meet the demand of four regions depicted as follows:

Region Center Coordinates Demand A (2, 10 ) 20 B (7, 10 ) 5 C (2, 2 ) 10 D (7, 4 ) 10 If the plant is located at A, what is the total load-distance score, assuming Euclidean (straight line) distance? A) less than or equal to 100 B) more than 100 but less than or equal to 140 C) more than 140 but less than or equal to 180 D) more than 180

Business

The sole proprietor’s liability for the actions of his or her employee is best described as which of the following:

A. A sole proprietor is never responsible for torts committed by the sole proprietor’s employee. B. A sole proprietor is responsible for actions taken by an employee while the employee is acting on behalf of the employer in the normal course of business. C. Both the sole proprietor and the employee may be liable for torts committed by the employee. D. Both B and C.

Business