A popular low-cost airline, Budget Airways, has gone out of business. Although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. Which component of the competitive environment does this illustrate?
A. economic factors
B. regulators
C. competitors
D. threat of new entrants
E. customers
Answer: C
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Which of the following statements is TRUE of absorption costing?
A) It considers variable selling and administrative costs as product costs. B) It considers fixed selling and administrative costs as product costs. C) It considers fixed manufacturing overhead cost as product costs. D) It considers variable manufacturing overhead cost as period costs.
Explain why ethics are an integral part of accounting.
What will be an ideal response?
Which of the following is NOT one of the four objectives that environmentalists believe companies should implement in order to sustain the natural environment?
A. Eliminate the concept of waste B. Reinvent the concept of a product C. Force consumers to recycle products D. Make prices reflect the true cost of a product E. Make environmentalism profitable
Consider the following results for two samples randomly taken from two populations. Sample A Sample B Sample Size25 38 Sample Mean66 60 Sample Standard Deviation5 7 ? a.What are the degrees of freedom for the t distribution?b.At 95% confidence, compute the margin of error.c.Develop a 95% confidence interval for the difference between the two population means.
What will be an ideal response?