Ted's T-shirts makes custom shirts on equipment that costs $350. The material costs $8 per shirt and sells for $15 per shirt. If he makes 20 shirts, what is the total variable cost?
20 shirts*$8 per shirt = $160
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Which method of trading currencies involves the conversion of one currency into another at one point in time with an agreement to reconvert it back to the original currency at some point in the future?
a. forward transaction b. futures transaction c. spot transaction d. swap transaction
A therapeutic massage service requires its therapists to keep a database on each customer and include in that database what was done on each visit for the customer's aches and pains. Which of the following service characteristics is the massage service trying to cope with?
A. Consumability B. Perishability C. Intangibility D. Inconsistency E. Compatibility
Motivational theories can be divided into which two groups:
a. process and context b. process and content c. progress and content d. progress and context
Which of the following statements is FALSE concerning privacy?
a. Most Americans feel they have less privacy today than ever. b. Technology has made protection of copyright easier. c. Electronic technology makes the sharing of information globally easier and at times without the consent of the information's owner. d. A recent Harris poll revealed that over half of the people believe that technology must be controlled to preserve privacy.