Which of the following statements best describes a whistle-blower?
A. A salesperson for a company finds out that a member of his softball team, who works for another firm, took some paper clips from that firm to use for his personal use and wants to report him.
B. An employee criticizes his employer's finance personnel to his fellow co-workers for picking the wrong stocks in his retirement fund; they lost value last year due to a downturn in the stock market.
C. An employee tells the Consumer Product Safety Commission his company falsified safety reports on a child's car seat.
D. An employee is unhappy because his company is downsizing.
E. An employee spends the afternoon at work studying for her test rather than counting inventory as she was supposed to be doing.
Answer: C
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Artis Sales has two store locations. Store A has fixed costs of $125,000 per month and a variable cost ratio of 60%. Store B has fixed costs of $200,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits or losses?
A. $325,000. B. $250,000. C. $361,111. D. Cannot determine with the information given.
Some service firms often engage in ________, consisting of a fixed fee plus a variable usage fee
A) pure bundling B) pure pricing C) mixed pricing D) captive pricing E) two-part pricing
Sara is retiring next month. In addition to all the planning for her retirement party, the company has published an in-house advertisement for anyone who wants to apply for her job. This recruitment method is known as ______.
A. open recruitment B. targeted recruitment C. closed recruitment D. employee referrals
As firms introduce new products at a faster rate, what tends to happen to existing products in the product mix?
A. Production costs for existing products tend to go down. B. Product life cycles become much slower. C. The price of existing products tends to go up. D. Existing products enter the maturity and decline stages more slowly. E. Existing products enter the maturity and decline stages more quickly.