King Mechanic is a very profitable automobile repair shop. The company is well known for its great service and involvement in the community, but it fails to properly dispose of its used oil as outlined in environmental regulations. King Mechanic is failing in its ____ responsibilities.
A. legal
B. ethical
C. economic
D. philanthropic
E. strategic
Answer: A
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Which of the following is a disadvantage of using the historical cost-plus approach to arrive at a selling price?
A) It does not include the shipping and ancillary charges as part of a product's cost. B) It ignores demand and competitive conditions in the target markets. C) It fails to address the indirect manufacturing costs that a company is likely to incur. D) It cannot be used by companies that are new to exporting products.
Which step of the marketing planning process controls the marketing plan by monitoring key
marketing metrics and enabling contingency plans if things go wrong?
Product costs, such as direct materials, are expensed in the period they are paid
Indicate whether the statement is true or false
Joe expects to start working immediately after graduation and he is already planning to retire
He wants to retire in twenty-five years and hopes that he will be able to do so comfortably by investing $2,000 at the end of each year throughout this period. If he earns 5% compounded annually, how much will be in his retirement fund in twenty-five years? A) $95,454.20 B) $54,000.00 C) $169,317.75 D) $102,226.00 E) $76,345.93