Which of the following statements is false?
a. The break-even point will increase if fixed cost increase.
b. C-V-P analysis cannot be used to determine the activity level needed to achieve a certain amount of profits.
c. C-V-P analysis can be used to determine the level of activity needed to achieve a specific before tax profit.
d. Managers often want to include taxes in their analysis in order to determine an after tax level of income.
b
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Which one of the following is not a key condition indicating doubt about a client's ability to continue as a going-concern?
a. Adverse key financial ratios. b. Employee strike that halts operations for several months. c. Company has not paid dividends to date. d. Default on bank debt.
According to the text, when a company directs its sales force members to use multiple selling strategies, this means salespeople are expected to:
A. have several sales approaches planned so that if their first sales attempt is unsuccessful, they can shift to an alternate approach without delay. B. develop different sales approaches for the different products in the company's product line. C. invest the bulk of their time and resources in the large, important accounts in their territories. D. split commissions if a buyer's purchasing office is in one salesperson's territory and the retail outlet is the territory of another salesperson. E. develop one form of presentation for existing accounts and another for prospects.
In a typical supply chain, goods flow in which of the following manners?
a. Supplier ? Distributor ? Manufacturer ?Retailer ? Consumer b. Consumer ? Retailer ? Distributor ? Manufacturer ? Supplier c. Supplier ? Manufacturer ? Distributor ? Retailer ? Consumer d. Manufacturer ? Supplier ? Retailer ? Distributor ? Consumer
If Carol Reece is a charismatic leader, which of the following characteristics is she most likely to possess?
A. a strong need to be in control B. a lack of sensitivity to environmental constraints C. an external locus of control D. a willingness to take risks to achieve her vision