Insurance brokers are:
A) compensated by a flat salary
B) legally, agents of the insurance company
C) only used in life insurance
D) legally, agents of the insurance consumer
D
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Customer satisfaction is an example of a quantitative performance measure
Indicate whether the statement is true or false
The following data is given for the Taylor Company: Budgeted production 1,000 units Actual production 980 units Materials: Standard price per lb $2.00 Standard pounds per completed unit 12 Actual pounds purchased and used in production 11,800 Actual price paid for materials $23,000 Labor: Standard hourly labor rate $14 per hour Standard hours allowed per completed unit 4.5 Actual labor hours
worked 4,560 Actual total labor costs $62,928 Overhead: Actual and budgeted fixed overhead $27,000 Standard variable overhead rate $3.50 per standard labor hour Actual variable overhead costs $15,500 Overhead is applied on standard labor hours. The direct material price variance is: A) 600F B) 600U C) 80F D) 80U
The total amount of assets a business possesses may or may not be equal to the total of liabilities and equity of the business
Indicate whether the statement is true or false
A negative NPV (net present value) for an option indicates that the option will
A) gain money for the supply chain. B) lose money for the supply chain. C) maximize profit for the supply chain. D) minimize profit for the supply chain.