You are considering investing in a bank account that pays a nominal annual rate of 7%, compounded monthly. If you invest $3,000 at the end of each month, how many months will it take for your account to grow to $310,000?
A. 95.70
B. 90.84
C. 72.18
D. 81.11
E. 93.27
Answer: D
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Read the following list of tasks and select the one that does not take place during the product launch stage.
A. manufacture enough of the good to fill distribution pipelines B. make sure the product can be manufactured at a cost low enough to generate profits C. hire and train employees D. prepare internal systems for taking service orders E. purchase the materials to make and package the good
Just-in-time replenishment practices include ______.
a. continuous replenishment programs (CRP) b. discrete replenishment programs (DRP) c. annual replenishment system (ARS) d. a push system of replenishment
Jack, a minor, takes out an automobile insurance policy and pays a $1,000 premium. If Jack disaffirms the contract, he can most likely recover
A. $500. B. $1,000. C. $1,500. D. nothing.
Indicate whether each of the following statements is true or false.A favorable variance may indicate the existence of unfavorable conditions. ______Managers should be praised or punished based on variances. ______Budget slack exists when performance standards are set at an ideal, unachievable level. ______Establishing standards is the least difficult aspect of using a standard cost system. ______A standard is the amount a price, cost, or quantity should be. ______
What will be an ideal response?