The term "committed costs" refers to costs that
a. management decides to incur in the current period to enable the company to achieve objectives other than the filling of orders placed by customers.
b. are likely to respond to the amount of attention devoted to them by a specified manager.
c. are governed mainly by past decisions that established the present levels of operating and organizational capacity and that only change slowly in response to small changes in capacity.
d. fluctuate in total in response to small changes in the rate of utilization of capacity.
C
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What is the most likely reason for hiring host-country nationals to fill most of a company's foreign positions?
A. They cost more to train, showing the company invests in its workers. B. The company will not be required to transport the employee's spouse. C. These employees are far more open to taking on new job responsibilities. D. They are familiar with the parent-country's customs. E. They can easily understand the values of the local workforce.
A master budget is a compilation of forecasts for the coming year or operating cycle made by various departments or functions within an organization. What is the most basic forecast made in a master budget?
a. Sales forecast b. Production forecast c. Labor forecast d. Materials forecast
You borrow $25,000 to buy a car, and agree to make 48 monthly payments of $607.39 to repay the loan. What
annual rate of interest, which is being compounded monthly, are you being charged? What will be an ideal response?
Venus Corp. is an agency that specializes in providing media services, direct mail, database management, and research services. It also offers creative and production services to its clients. In this scenario, Venus is an example of a ________ agency.
A. creative boutique B. sales promotion C. digital-interactive D. direct-marketing E. public relations