Franchises are privileges granted by a business to sell goods and services under specified conditions
Indicate whether the statement is true or false
TRUE
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Which of the following generated an estimated 25 percent share of the global gross domestic product, making it the largest economy in the world in 2014?
A. the Central American countries of DR-CAFTA B. the European Union C. the North American countries of NAFTA D. China E. the United States
Solving nonlinear programming models may be more difficult than solving linear programming models because:
a. Nonlinear constraints may create discontinuous areas that satisfy all constraints. b. Nonlinear constraints are difficult to translate into mathematical functions. c. Nonlinear constraints are associated with a quantity discount. d. All of the above
In the formula approach to learning curve calculations, you have used the formula TN = T1 (Nb). For a problem with a 92 percent learning curve, what is b?
What will be an ideal response?
Mccaskell Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows: Average Cost per UnitDirect materials$6.30Direct labor$3.65Variable manufacturing overhead$1.75Fixed manufacturing overhead$9.90Fixed selling expense$2.25Fixed administrative expense$1.80Sales commissions$1.00Variable administrative expense$0.50 If 8,000 units are produced, the total amount of direct manufacturing cost incurred is closest to:
A. $79,600 B. $172,800 C. $93,600 D. $87,600