Which of the following departments is not a service department in a typical manufacturing company?

A. Accounting.
B. Assembly.
C. Human resources.
D. Information processing.


Answer: B

Business

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Suppose you take out a home equity loan of $100,000 for 5 years at an annual interest rate of 5 percent, with payments to be made monthly. What will the approximate monthly payments be? The relevant formula is:  .?

A. $1,320.71 B. $1,887.12 C. $1,924.79 D. $5,282.82

Business

The marketing mix for a global brand can vary from country to country

Indicate whether the statement is true or false

Business

In 2018, a company employee received an option to purchase the company's stock at $45 per share. If the stock is trading at $40 a share in 2020, the employee will most likely

A. exercise the option, receiving a gain of $40. B. buy the stock at $45 per share. C. exercise the option, receiving a gain of $5. D. not bother to exercise the options. E. sell the shares to a third party slightly above the market price.

Business

Wages are compensation of employees at a yearly or monthly rate

Indicate whether the statement is true or false

Business