Erik, a seller of luxurious home furnishings, has a strong customer service orientation. As a result, he is likely to
A) provide good service only for customers he likes.
B) form bonds with his customers.
C) seek low-priced alternatives to his company's furniture.
D) become bored with ordinary customer requests.
Answer: B
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Indicate whether the statement is true or false
The system of preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called:
A. Accrual basis accounting. B. Revenue recognition accounting. C. Cash basis accounting. D. Operating cycle accounting. E. Current basis accounting.
If you have a piece of code that has the potential of being used by various applications, saving this code on the server allows it to be shared by several applications.
Answer the following statement true (T) or false (F)
Mantel Incorporated began producing its new line of dolls at its Connecticut plant in December of year 0. In year 1, it produced 30,000 dolls at a total cost of $385,000
In year 2, its production increased to 80,000 dolls at a total cost of $885,000. Assuming the cost structure was the same for both years, what must be the variable cost (c) and the fixed cost (F) per doll? A) F is less than $80,000, and c is greater than $7. B) F is greater than $60,000, and c is less than $5. C) F is less than $100,000, and c is greater than $9. D) F is greater than $110,000, and c is less than $6.