If contracting parties attach materially different meanings to a contract word or term subject to more than one reasonable interpretation, the contract is void.
Answer the following statement true (T) or false (F)
False
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Depending on the type of business, which of the following forms can a cost structure take?
A. Marketing or advertising cost structure B. Inventory cost structure C. Direct cost structure D. Office or retail space cost structure E. All of these are correct.
Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25 percent contribution margin. Fixed costs are $26,000. What is Loyal Enterprises' operating income for 2014?
A) $2,600 B) $26,000 C) $31,250 D) $5,250
Which of the following strategies can American manufacturers follow to survive the drain of manufacturing operations to other countries?
a. develop cutting-edge technologies that are difficult to replicate b. reduce prices c. switch to new products that are not manufactured elsewhere d. reduce quality with a view to reduce costs
Lisa has to have a Diet Coke for breakfast. At a breakfast meeting, she was offered coffee and refused. She only wanted a Diet Coke. This illustrates that Lisa needs Diet Coke to:
A. satisfy a want B. satisfy a need C. satisfy a belief D. satisfy a physiological drive E. satisfy a momentary stimulus