A local vendor at the county fair sells snow cones for $.50 each. When 250 snow cones are sold, each snow cone is estimated to have $.10 in variable costs and $.15 in fixed costs. A local school group plans on attending the fair next week and wishes to purchase 50 snow cones for $.25 each. The vendor can sell as many as 400 snow cones per day. If the special order were accepted, net income would:
A) not change.
B) decrease by $25.00.
C) increase by $12.50.
D) increase by $7.50.
D
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The Readylite Company produces a flashlight in which product managers are trying to decide how long a warranty to issue. If the managers believe the life of the flashlight follows a normal distribution with a mean of two years and a standard deviation of six months:
a. What percentage of flashlights sold can they anticipate will be returned within the first two years? b. What percentage of flashlights sold can they anticipate will be returned within the first three years? c. What percentage of flashlights sold can they anticipate will be returned within the first two and one-half years?
Two or more freely interacting individuals who share collective norms, share collective goals, and have a common identity are called a
A. cluster. B. self-managing work team. C. collaborative unit. D. quality circle. E. group.
Jacob has been quite ill. When three of his neighbors come to visit one day, he tells them that he is dying and that he wants them to witness his oral will. In some states, he can validly dispose of his personal property by his witnessed, oral statements.
Answer the following statement true (T) or false (F)
Why would technical skills be important to first-line managers?
What will be an ideal response?