ROI is a(n)
A. liquidity ratio.
B. return ratio.
C. cash ratio.
D. asset management ratio.
E. debt management ratio.
B. return ratio.
Return ratios, often called return on investment (ROI) or return on assets (ROA), indicate how effective management is in generating a return, or profits, on its assets.
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Which of the following is the BEST example of management thinking during the "production era"?
A. "If we can produce it, customers will buy it." B. "The lower we price a product, the more we can sell." C. "We need to increase our sales effort-to sell what we can produce." D. "The more we advertise a product, the more we can sell." E. "We need to be selective and produce what customers want."
A ________ is a range (lower and upper boundary) into which the researcher believes the population parameter falls with an associated degree of confidence (typically 95% or 99%)
A) boundary estimation B) hypothesis testing C) parameter boundary determination analysis D) confidence interval E) range estimate
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Refining, and Packaging. On January 1, the first department—Mixing—had no beginning inventory. During January, 56,000 fl. oz. of chemicals were started in production. Of these, 30,000 fl. oz. were completed and 26,000 fl. oz. remained in process. In the Mixing Department, all direct materials are added at the beginning of the production process, and conversion costs are applied evenly throughout the process. The weighted-average method is used.
At the end of the month, Alchemy calculated equivalent units. The ending inventory in the Mixing Department was 75% complete with respect to conversion costs. With respect to direct materials, what is the number of equivalent units in the ending inventory? A) 19,500 equivalent units B) 30,000 equivalent units C) 56,000 equivalent units D) 26,000 equivalent units
Network (multilevel) marketing is different from traditional sales in that it:
A) creates a pyramid with the CEO at the top and the salespeople at the bottom B) eschews growth of the salesforce for a given product C) relies on an interconnected network of independent salespeople to sell the product directly D) focuses on paid advertising instead of word-of-mouth publicity E) allies itself with competing products and service providers