Craft, Inc. normally produces between 120,000 and 150,000 units each year. Producing more than 150,000 units alters the company's cost structure. For example, fixed costs increase because more space must be rented, and additional supervisors must be hired. The production range between 120,000 and 150,000 is called the:
A. median range.
B. relevant range.
C. leverage range.
D. differential range.
Answer: B
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a. 30, $3,000, $25,000
b. 30, $3,000, $35,000
c. 30, $3,000, $45,000
d. 30, $3,000, $55,000
Which of the following is a competitive position or role that firms play in the target market?
A) surrogate consumer B) market analyst C) market maven D) market nicher E) laggard
What is the effect of the sale of $5,000 worth of cash equivalents at cost in the statement of cash flows prepared under the direct method?
a. Add $5,000 in the reconciliation b. $5,000 investing cash inflow c. $5,000 operating cash inflow d. No disclosure
Advertising on the Internet is often _________ heavily regulated than other advertising forms.
Fill in the blank(s) with the appropriate word(s).