Fixed costs are costs that:
A. increase on a per-unit basis as activity increases.
B. vary directly with changes in activity.
C. remain constant as activity changes.
D. vary inversely with changes in activity.
E. remain constant on a per-unit basis.
Answer: C
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Calculate the percentage cost of goods sold by a business if the cost advantage index of the business is 150 and the average percentage cost of goods sold by its top three competitors are 40%, 50%, and 30%, respectively
A) 150 B) 40 C) 60 D) 126 E) 70
Which of the following is true about job satisfaction?
A. It shows how positive an employee is regarding their home life. B. It is viewed as the only part of a person’s reaction to their life resulting in happiness. C. It is important even if not directly related to job performance. D. It has only been studied in U.S.-based organizations.
When Kraft's earlier efforts to achieve continued growth and efficiencies were hindered, in 2012 it initiated a major reorganization that included
A. acquiring the British confectioner Cadbury. B. withdrawing from the grocery business and selling its assets to another food company. C. splitting the company into two independent companies. D. withdrawing from emerging markets. E. selling off brands such as Oreo cookies to a Chinese firm.
In a life insurance policy, an insurable interest need not exist at the time of the insured's death
Indicate whether the statement is true or false