Which of the following is true of vending machines?
A. Vending machine retailing has been declining.
B. Vending machine sales now account for almost 20 percent of consumer spending.
C. Vending machine sales now include higher-margin products like bathing suits.
D. Vending machine retailing requires a lower margin to cover costs than for comparable products sold in stores.
E. None of these answers is correct.
Answer: C
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Which of the following statements regarding cost drivers is false?
A) Different businesses can have different sets of cost drivers. B) Cost drivers should generally be chosen based on a cause-and-effect relationship between the driver and the specific cost being considered. C) Cost drivers are groups of overhead costs that are similar. D) An activity could have more than one potential cost driver.
The costs to place and process orders for materials and finished goods are ________ costs.
Fill in the blank(s) with the appropriate word(s).
A ______ contract is desired when the purchases are expensive and the cost of material/labor to produce the products is uncertain.
a. buyback b. fixed-price c. quantity-flexibility d. cost-plus
The final arbiter as to the constitutionality of laws passed by Congress or by the legislature of a state is the Supreme Court of the United States
Indicate whether the statement is true or false