For the consumer market, marketing channels include direct channels as well as indirect channels
Indicate whether the statement is true or false
TRUE
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What is the administrative equivalent of a judicial declaratory judgment?
a. Declaratory order b. Private letter ruling c. Executive order d. Advisory opinion
Dreem Land Corporation and EZ Investments Company transfer their property to Financial Managers, Inc, which manages the property and distributes the profits to Dreem and EZ. This form of a business organization is
a. a business trust. b. a joint stock company. c. a joint venture. d. a syndicate.
Which of the following statements best defines the producer price index (PPI)?
A. It measures the change over time in the prices that businesses pay each other for goods and services. B. It refers to the quantity of products that consumers are willing to buy at different market prices. C. It measures the change in weighted-average price over time in a consumer market basket of goods. D. It refers to a standard equation that is used to determine the resources needed to produce a certain quantity of goods.
A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations: Units in beginning inventory 0Units produced 8,900Units sold 8,500Units in ending inventory 400Variable costs per unit: Direct materials$26Direct labor$25Variable manufacturing overhead$4Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$249,200Fixed selling and administrative expense$17,000 What is the variable costing unit product cost for the month?
A. $83 per unit B. $87 per unit C. $55 per unit D. $59 per unit