________ probabilities are average constant probabilities that the system will be in a state in the future

Fill in the blank with correct word.


Answer: Steady-state

Business

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Relationship marketing, which stresses an approach on developing long-term relationships with customers, has been disliked by many U.S. companies

Indicate whether the statement is true or false

Business

Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office ExpensesTotal Allocation BasisSalaries$30,000  Number of employeesDepreciation 20,000  Cost of goods soldAdvertising 40,000  Net sales ItemDrilling Grinding TotalNumber of employees 1,000  1,500  2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of the total office expenses that should be allocated to Grinding for the current period is:

A. $54,250. B. $600,000. C. $90,000. D. $45,000. E. $35,750.

Business

Which of the following statements is true?

A. Variable costing treats fixed overhead as a period cost. B. Absorption costing treats fixed overhead as an expense in the period it is incurred. C. Absorption costing treats fixed overhead as a period cost. D. Managers can manipulate earnings more easily under variable costing by varying the production level. E. Variable costing excludes all overhead from product costs.

Business

One of Rolex's tangible resources is its well-known brand name and reputation for quality timepieces.

Answer the following statement true (T) or false (F)

Business