Tennill Inc. has a $1,400,000 investment opportunity with the following characteristics: Sales$4,480,000 Contribution margin ratio 40% of salesFixed expenses$1,657,600 The ROI for this year's investment opportunity considered alone is closest to:
A. 128.0%
B. 3.0%
C. 8.1%
D. 9.6%
Answer: D
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Isabel works as a senior jewelry buyer for a department store chain. On a recent visit to a trade show, she noticed a new vendor selling unique earrings, necklaces, and bracelets made of glass. She had seen such pieces in trade magazines, but initially ignored them because of the exorbitant price. She thought her affluent customers would appreciate the look, so she decided to talk with the sales representative to learn more about the possibility of a trial in only a few of her top stores. Isabel is in the ________ phase of building strategic relationships.
A. commitment B. exploration C. expansion D. awareness E. consideration
Which of the following statements is most likely true regarding the objective-and-task method of budget setting?
A) It forces management to spell out its assumptions about the relationship between the money spent and promotion results. B) It is the simplest and least time consuming method to use. C) It is the least logical budget-setting method. D) It involves setting the promotion budget to match competitors' outlays. E) It wrongly views sales as the cause of promotion rather than as the result.
Trangis an employee of U.S. Natural Gas Company. Under federal law, Trangand other employees have the right to? A) bargain collectively with their employerthrough their representative
B) insist that their employer require union membership to work. C) requiretheir employer to contribute financially to their union. D) refuse to bargain with their employer through their representative.
Equipment and patents are known as intangible assets.
Answer the following statement true (T) or false (F)