Which of the following is an advantage of using commissioned reports as sources of data for
market sizing?
A) Commissioned reports are industry-specific and the data is highly relevant.
B) Commissioned reports are very inexpensive and are easily accessible.
C) Commissioned reports can be compiled at short notice and with minimal labor.
D) Commissioned reports are the most reliable source of information.
A
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Lately the demand for building materials has dropped due to the slowdown in new housing construction. Woods Corp. is thinking of closing its fine wood division that produces mahogany and cherry lumber for building cabinets and other applications. Under the Boston Consulting Group Growth-Share Matrix, the fine wood division would most likely be classified as a ________.
A. top gun B. star C. problem child D. dog E. cash cow
Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August. Percent Complete UnitsMaterialsConversionWork in process, August 1850?60?%50?%Units started into production during August8800? Units completed during August and transferredto the next department8300? Work in process, August 311350?70?%40?%Required:Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method.?MaterialsConversionEquivalent units of production??
What will be an ideal response?
Mabel has a business idea of starting a store that would only sell hair products. Although she needs to raise capital to start her business, she does not want to share the ownership of her firm with anyone else. With a good appetite for risk, which of the following financing resources would be most ideal for her to start her business?
A. Personal credit cards B. Angel investors C. Venture capital firms D. Microloan program from the U.S.Small Business Administration
Which of the following is the most appropriate term to use when describing management's duty to its shareholders??
A)?Official duty B)?Legal duty C)?Fiduciary duty D)?Statutory duty