What information does a break-even analysis provide for a firm?
A. how much the company needs to sell to cover its expenses
B. what market share the company needs to attain to surpass its competitors
C. how much profit a firm needs to make before diversification can take place
D. the length of time that it will take for a company to pay off all its debts
E. a bottom-line estimate of the firm's profitability
Answer: A
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According to the factor-endowment theory,
a. the abundant factor gains from trade. b. the scarce factor gains from trade. c. those disadvantaged by trade outnumber those advantaged by trade. d. everyone necessarily benefits from trade.
What is selective attention and how do we use it to understand our environment?
What will be an ideal response?
Budgets need to be fair and attainable for employees to consider the budget important in their normal daily activities. Which of the following is not considered a human behavior problem?
A) Setting goals among managers that conflict with one another. B) Setting goals too tightly making it difficult to meet performance expectation. C) Allowing employees the opportunity to be a part of the budget process. D) Allowing goals to be so low that employees develop a "spend it or lose it" attitude.
In a bailment, the title to the goods passes to the bailee
Indicate whether the statement is true or false