Effie makes a comfortable living selling jewelry she creates to customers around the world. She has no stores—production, marketing, sales, and distribution all happen with tools and a laptop in a small studio over her garage
Which term best reflects Effie's operation?
A) outsourcing
B) imports
C) e-commerce
D) multinational corporation
E) industrial supplies
Answer: C
Explanation: C) E-commerce is the buying and selling of products and services through computer networks.
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What is a transactional leader? What is a transformational leader? Explain how these terms align with the earlier definitions of manager and leader.
What will be an ideal response?
In process costing, which of the following is recorded by debiting the Manufacturing Overhead account?
A) transfer of units from one process to the next B) direct labor costs incurred C) depreciation on factory machinery D) electricity used in the sales office
Of the customers that leave companies each year, approximately ________ % leave because of bad customer service
A) 10 B) 20 C) 40 D) 60 E) 80
Ellis Enterprises is considering whether to lease or buy some necessary equipment it needs for a project that will last the next 3 years. If the firm buys the equipment, it will borrow $4,800,000 at 8.0% interest. The firm's tax rate is 35%, and the firm's before-tax cost of debt is 8.0%. Annual maintenance costs associated with ownership are estimated to be $400,000, and the equipment will be depreciated on a straight-line basis over 3 years. What is the annual end-of-year lease payment (in thousands of dollars) for a 3-year lease that would make the firm indifferent between buying or leasing the equipment? (Suggestion: Delete 3 zeros from dollars and work in thousands.) Do not round your intermediate calculations.
A. $2,599 B. $2,147 C. $2,260 D. $1,695 E. $1,808