It is very common for manufacturers to concentrate in certain geographic areas and by type of industry.
Answer the following statement true (T) or false (F)
True
Industrial markets are concentrated in certain geographic areas. There is also concentration by industry. In Germany, for example, the steel industry is concentrated in the Ruhr Valley. Similarly, most U.S. automobile manufacturing occurs in Michigan, Indiana, and Ohio.
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Which of the following is defined as the investments of an individual’s complete self into a role?
A. perceived organizational support B. employee engagement C. job involvement D. organizational commitment
The Austin Land Company sold land for $85,000 in cash. The land was originally purchased for $65,000, and at the time of the sale, $40,000 was still owed to Regions Bank on that purchase. After the sale, The Austin Land Company paid off the loan to Regions Bank. What is the effect of the sale and the payoff of the loan on the accounting equation?
A) assets decrease $20,000; liabilities decrease $40,000; owner's equity increases $20,000 B) assets increase $20,000; liabilities decrease $40,000; owner's equity increases $20,000 C) assets decrease $25,000; liabilities decrease $40,000; owner's equity increases $65,000 D) assets increase $45,000; liabilities decrease $40,000; owner's equity increases $85,000
The unit cost
A) is the total product costs divided by the number of units produced B) includes period costs C) is the total prime costs divided by the number of units produced D) is the total conversion costs divided by the number of units produced
The arbitrary approach to setting an advertising budget often results in inappropriate spending of the firm's resources.
Answer the following statement true (T) or false (F)