Lifestyle is a product-related variable.
Answer the following statement true (T) or false (F)
False
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If sales are $400,000, variable costs are 75% of sales, and operating income is $50,000, what is the operating leverage?
A) 2.5 B) 7.5 C) 2.0 D) 0
Which of the following is considered a part of factory overhead cost?
A) Sales commissions B) Depreciation of factory buildings C) Depreciation of office equipment D) Direct materials used
Foreign licensing helps circumvent government restrictions on importing in closed markets.
Answer the following statement true (T) or false (F)
For a total quality management program to be effective, it must be treated as a top priority by
A. the human resources director. B. line management. C. first-line management. D. middle management. E. top management.