Which of the following is an example of a process need?
a. decaffeinated coffee
b. retirement communities
c. smartphones
d. robotics
ANSWER: a
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What is a limited liability limited partnership (LLLP)?
What will be an ideal response?
Which of the following statements is ethically questionable?
a. Effective communication should reflect personal values and company standards of ethical conduct. b. Managers should be certain to distinguish their opinions from facts. c. Unpleasant ideas should be stated as tactfully as possible to preserve self-esteem of the reader. d. Facts can be exaggerated as long as the purpose of the message reflects the reader's best interest.
Cilia Corporation specializes in the production of door knobs, which are mostly sold within its territory
The selling price for each door knob is $15. Using the traditional allocation method to allocate manufacturing overhead, the full-product cost is determined to be $10. The company recently introduced the activity-based costing method to allocate its overhead. The refinement of costs shows that the full-product cost is $2.50 lower with activity-based costing than with traditional costing. Requirement: 1. Calculate the change in net profit percentage as a result of the introduction of activity-based costing. 2. The desired net profit margin of the company is 60%. If the production costs cannot be reduced, by how much should the selling price be increased in order to achieve the desired profit? (Use the cost estimates under activity-based costing.) What will be an ideal response
Ensuring that there is adequate cash to pay the firm's suppliers is an example of which cash-related activity in the cash flow cycle?
A) Operating activity B) Profitability activity C) Investing activity D) Financing activity