Sole proprietorships in the United States generate more business (in terms of receipts) than partnerships and corporations put together
Indicate whether the statement is true or false
False
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A major drawback of conjoint analysis is that it cannot be used to measure objective attributes such as estimated market share and profit
Indicate whether the statement is true or false
Customized service firms tailor research services to each client's specific needs
Indicate whether the statement is true or false
Steuben Company produces dog houses. During the current year, Steuben Company incurred the following costs: Rent on manufacturing facility$250,000 Office manager's salary 150,000 Wages of factory machine operators 110,000 Depreciation on manufacturing equipment 50,000 Insurance and taxes on selling and administrative offices 30,000 Direct materials purchased and used 170,000 Wages paid to factory machine operators in producing the dog houses should be categorized as a:
A. period cost and recorded in the inventory account B. product cost and recorded on the income statement C. period cost and recorded on the income statement D. product cost and recorded in the inventory account
Which of the following actions would be most likely to reduce potential conflicts of interest between stockholders and bondholders?
A. Compensating managers with stock options. B. Financing risky projects with additional debt. C. The threat of hostile takeovers. D. The use of covenants in bond agreements that limit the firm's use of additional debt and constrain managers' actions. E. Abolishing the Security and Exchange Commission.