An external issue to be considered when setting a price is
a. the quality of materials and labor.
b. total demand for the product or service.
c. usage of scarce resources.
d. the variable costs of the product or service.
B
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Equivalent units of production are equal to the
a. units completed by a production department in the period. b. number of units worked on during the period by a production department. c. number of whole units that could have been completed if all work of the period had been used to produce whole units. d. identifiable units existing at the end of the period in a production department.
In both monolithic and pluralistic organizations, minority group members
A) tend to occupy low-status jobs, if they are represented at all. B) are virtually nonexistent, or at the very least seen and not heard. C) tend to be marginalized by members of the dominant or majority group. D) are well-represented and treated with an affirmative action approach. E) tend to cluster at certain levels or in particular functions within the organization.
A combination export manager is a blend of manufacturers' agent and selling agent.
Answer the following statement true (T) or false (F)
Which of the following is an implication for firms that have a threat of new entrants into their market?
A) increased cost B) reduced quality C) increased demand for services D) increased price E) decreased market share