In marketing, the form of competition that occurs when only one firm sells the product is referred to as ________.
A. an oligopoly
B. pure monopoly
C. a megopoly
D. monopolistic competition
E. pure competition
Answer: B
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Melinda, a company department manager, frequently communicates via text messages with other department managers within the company. This is an example of an upward flow of communication
Indicate whether the statement is true or false
Raylene, who is Seth's guardian, convinces him to buy a certain parcel of land from Trevor at a greatly inflated price. Raylene may be liable for A) duress
B) fraud. C) mistake. D) undue influence.
Investment banks may lose ________ if new securities issues are ________
A) large amounts of money; oversubscribed B) large amounts of money; fully subscribed C) future business; oversubscribed D) future business; undersubscribed
Kartman Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per UnitDirect materials 6.5pounds$7.00per pound$45.50Direct labor 0.6hours$24.00per hour$14.40Variable overhead 0.6hours$4.00per hour$2.40?In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.?The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is
computed when the materials are purchased.?The labor rate variance for June is: A. $2,061 F B. $1,890 U C. $1,890 F D. $2,061 U