Which of the following is not a product cost?
a. Indirect materials costs
b. Packaging costs
c. Direct labor costs
d. Overhead costs
B
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George owns an international grocery store in New Jersey, the Global Food Bazaar. He has benefited highly from the trading bloc that allows him to purchase food products from Central American nations at a nice discount. With many of his customers from Costa Rica, the Dominican Republic and Guatemala, he is particularly grateful for ______, a trading bloc.
A. APEC B. CAFTA-DR C. NAFTA D. EU E. Mercosur
A business identifies its key area of competitive weakness and then looks outside its industry to another company that is recognized as a world-class performer in that area in an attempt to emulate them. This process is referred to as ________
A) ideal points mapping B) product positioning C) competitive benchmarking D) perceptual mapping E) competitive mapping
On December 1, Orenthal Marketing Company received $5400 from a customer for a 2-month marketing plan to be completed January 31 of the following year. The cash receipt was recorded as unearned fees. The adjusting entry for the year ended December 31 would include:
A. a debit to Earned Fees for $3600. B. a credit to Earned Fees for $3600. C. a debit to Earned Fees for $5400. D. a credit to Unearned Fees for $1800. E. a debit to Unearned Fees for $2700.
Research has shown that people respond best to clear, well-defined goals. Which element of goal-setting theory does this refer?
A. specific goals B. goal commitment C. goal acceptance D. feedback