Which of the following amounts of a flexible budget remains constant, within the specified relevant range, when the sales volume changes?
A) total contribution margin
B) total fixed costs
C) total variable costs
D) total sales revenue
B) total fixed costs
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Which of the following is true about invigilation?
a. The strict controls imposed are temporary in nature. b. During the period of invigilation, evidence is presented to suspects with the hopes of getting a confession. c. When invigilation is conducted, it is best to cover all aspects of the business. d. Invigilation should be accomplished in 5-7 days.
A product consists of five parts. The reliabilities of these parts are 0.98, 0.28, 0.99, 0.99, and 0.99. Calculate and indicate product reliability.
A. 0.27% B. 0.32% C. 0.43% D. 0.21%
By setting appropriate service standards and measuring service performance, firms can attempt to close a ________ gap.
A. seniority B. communication C. delivery D. standards E. knowledge
Frooty Drinx, Inc., and Erwin have a manufacturing franchise arrangement. This involves the transfer of
A. a license. B. a trade name. C. the formula to make a certain product. D. the ownership of the business.