Which of the following reduces price competition?
a. Increasing the number of competitors.
b. Increasing the number of substituting offers.
c. Wider distribution of competitor and/or substitution offers.
d. High switching costs for consumers.
e. Increasing surplus capacity in the industry.
d
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People from Hong Kong and the People’s Republic of China tend to score higher on the Machiavellian scale. This may be related to:
a. the higher power distance in the Chinese culture b. the higher level of collectivism c. the low-context culture
________ corporate social responsibility focuses on profitability and helping society through philanthropy.
A. Legal B. Ethical C. Benevolent D. Social
Which of the following is true of an S corporation?
A. It can have no more than 100 shareholders. B. Only a foreign corporation can become an S corporation. C. It is taxed at the corporate level. D. It must be a member of an affiliated group of corporations.
Morataya Corporation has two manufacturing departments-Machining and Assembly. The company used the following data at the beginning of the year to calculate predetermined overhead rates: MachiningAssemblyTotalEstimated total machine-hours (MHs) 7,000 3,000 10,000Estimated total fixed manufacturing overhead cost$39,200$6,600$45,800Estimated variable manufacturing overhead cost per MH$1.90$2.10 During the most recent month, the company started and completed two jobs-Job B and Job G. There were no beginning inventories. Data concerning those two jobs follow: Job BJob GDirect materials$14,800$8,300Direct labor cost$22,000$8,900Machining machine-hours 4,800 2,200Assembly machine-hours 1,200 1,800Assume that the company uses a plantwide predetermined manufacturing overhead rate
based on machine-hours. The amount of manufacturing overhead applied to Job G is closest to: (Round your intermediate calculations to 2 decimal places.) A. $14,388 B. $11,772 C. $26,160 D. $18,320