The costing method that treats all fixed costs as period costs is:
A. process costing.
B. job-order costing.
C. absorption costing.
D. variable costing.
Answer: D
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The intensity of competition is greatest among retailers when
A. price dominates the retail mix. B. they focus on a narrow demographic trend. C. their retail offerings are considered to be similar. D. they resort to scrambled merchandising. E. they offer a limited range of products and services.
Answer the following statements true (T) or false (F)
1. Path–goal theory is based on motivation principles drawn from expectancy theory. 2. Once a leader adjusts his/her style to match a follower’s needs, he/she should continue to use that style with that follower. 3. According to path–goal theory, achievement-oriented leadership is most effective in settings where followers are required to perform unambiguous tasks. 4. In work settings where the formal authority system is weak, leadership becomes a tool that helps subordinates by making the rules and work requirements clear. 5. Path-goal theory predicts that subordinates who have strong needs for affiliation prefer directive leadership.
From a strict market economic perspective, resources are "finite" and have to be used efficiently to gain maximum economic benefits.
Answer the following statement true (T) or false (F)
BMW, Mercedes-Benz, Lexus, and Acura have all built plants in North America because ______.
A. of tax incentives B. they want to enhance their local market opportunities C. of lower labor costs D. of the establishment of European Union