Net sales times the historical gross profit percentage yields the estimated:
A) ending inventory.
B) beginning inventory.
C) gross profit.
D) cost of goods sold.
C) gross profit.
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Answer the following statements true (T) or false (F)
1. Productivity equals inputs divided by outputs. 2. If a manager increases the efficiency of labor but makes no improvements to the efficiency of capital, an increase in productivity will result. 3. Lumber mills that sell sawdust and wood chips are increasing their efficiency of labor and thereby improving productivity. 4. Raising productivity contributes to an increasing gross domestic product in the United States.
Which of the following is NOT true about Tata Nano?
A) Its cost is three times India's annual per capita income. B) It targets the 7 million Indians who buy scooters and motorcycles every year. C) It has a negative stigma attached to it because it is considered a "cheap" car. D) It has received positive feedback for reminding people of the tuk-tuk. E) Some target customers were intimidated by Tata's showrooms.
The performance management approach that requires managers to keep a record of specific examples of good/bad performance is the:
A. behaviorally anchored rating scale. B. graphic rating scale. C. critical incidents method. D. ranking method. E. MBO method.
If an investment project would make use of land which the firm currently owns, the project should be charged with the opportunity cost of the land.
Answer the following statement true (T) or false (F)