A small business differs from an entrepreneurial venture.
Answer the following statement true (T) or false (F)
True
A small business has fewer than 500 employees, is independently owned and operated, is not dominant in its field, and is not characterized by many innovative practices. An entrepreneurial venture has growth and high profitability as its primary objectives. Entrepreneurs manage aggressively and develop innovative strategies, practices, and products.
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The major technique for examining variable interdependence is factor analysis
Indicate whether the statement is true or false
Flannery Company, a manufacturer of small appliances, had the following activities, allocated costs, and allocation bases
Activities Allocated Costs Allocation Base Account inquiry (hours) $79,000 2,700 hours Account billing (lines) $45,000 16,000 lines Account verification (accounts) $16,000 20,000 accounts Correspondence (letters) $12,000 1,000 letters The above activities are carried out at two of its regional offices. Activities Northeast Office Midwest Office Account inquiry (hours) 180 hours 200 hours Account billing (lines) 10,000 lines 9,000 lines Account verification (accounts) 1,600 accounts 650 accounts Correspondence (letters) 60 letters 150 letters What is the cost per letter for the correspondence activity? (Round your answer to the nearest cent.) A) $12.00 B) $45.00 C) $4.44 D) $0.80
Attributes are usually paired with ________
A) values B) features C) identity D) name
The three basic ratios used in the DuPont system of analysis are ________.
A) net profit margin, total asset turnover, and return on investment B) net profit margin, total asset turnover, and return on equity C) net profit margin, total asset turnover, and financial leverage multiplier D) net profit margin, financial leverage multiplier, and return on equity