The Excel function =RAND() generates random numbers that are:
A) greater than 0
B) less than 1
C) between 0 and 0.9999
D) between -1 and 1
E) greater than 1
C
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If a business had a capacity of $10,000,000 of sales, actual sales of $6,000,000, break-even sales of $4,500,000, fixed costs of $1,800,000, and variable costs of 60% of sales, what is the margin of safety expressed as a percentage of sales?
A) 25% B) 18% C) 33.3% D) 15%
Explore the practical implications for the conduct of strategic management of the statement that ‘Like money, knowledge is useless when it is static.’
What will be an ideal response?
Much of American law is based on
a. the English legal system. b. the Spanish legal system. c. the civil law of the Greeks. d. Ancient Chinese law.
When the products and services have very different resource requirements and the mix is unstable from one period to the next, bottom-up planning works best
Indicate whether the statement is true or false.