Digitec Company has recently decided to design and manufacture a laptop that retails for under $50, in an effort to make information technology available to people in places like rural Africa and rural India. This is known as what type of strategy?
A. Bottom of the pyramid
B. Skimming the barrel
C. Cream of the crop
D. Top of the peak
E. Base hierarchy
Answer: A
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The Assembling Department of Origination Inc. had 10,000 units in process on December 1 and received 30,000 units from the Sewing Department. During the month, it completed 20,000 units and transferred them to the Packaging Department. Calculate the number of units accounted for by the Assembling Department for December.
Prepare the production cost report for the Assembling Department for the units for the month of December. Use the FIFO method.
A company purchases land and a building on the land. The land is appraised at $80,000 and the building at $320,000 . If the Land account is debited for $104,000, then the total purchase price for the land and building must have been
a. $400,000. b. $416,000. c. $520,000. d. $424,000.
Companies may provide for extra capacity in anticipation of future increases in demand for their products or services. Such extra capacity is called ______.
A. a capacity cushion B. overproduction capability C. waste D. flexible capacity
Which of the following is an example of a franchised service firm?
a. Dunkin' Donuts b. Wal-Mart c. Barnes & Noble d. Starbucks e. Pier One Imports