On the income statement of a merchandising company, cost of goods is added to net sales to arrive at gross margin or gross profit
a. True
b. False
Indicate whether the statement is true or false
False
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The individual that negotiates rates for space on billboards and in magazines is the:
A) creative B) media planner C) media buyer D) client
Assume that an assembly line has three tasks that must be completed (in order, A, B, and C). The tasks have processing times of 9, 9, and 11 minutes per unit, respectively. If the assembly line operates for 400 minutes per day with a desired output of 70 units per day, what is the takt time?
a. 13.8 units per minute b. 5.7 units per minute c. 0.4 units per minute d. Cannot be determined from the information given
Which of the following would be a disadvantage of hiring a contractor?
a. you would not be able to have the contractor arrive at a certain time or perform the job in a certain way b. the contractor would not be required to perform the job to the same level as an employee c. the contractor could be terminated if he or she did not fulfill their contracts d. the contractor generally would have less of a personal commitment to doing the job
Which of the following is true of the International Monetary Fund (IMF)?
A. It consists of representatives from all states located in the United States. B. It is funded by the Superfund of the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). C. It promotes sound monetary, fiscal, and macroeconomic policies worldwide by providing assistance to poor countries. D. It provides one-time grants to needy countries with no terms or conditions attached to the assistance.