The way that newly created goods, services, or firms hurt existing goods, services, or firms is referred to as:

A. benchmarking.
B. service distortion.
C. creative destruction.
D. crowdsourcing.


Answer: C

Business

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Because Cynthia needs to obtain a replacement for Olivia (who is having a baby and will be out for 12 weeks), which of the following would be the expected first choice to locate a replacement?

A. Employee referrals B. Help-wanted advertising C. Public employment agencies D. Temporary help agencies

Business

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department: Units:Beginning Inventory: 80,000 units, 60% complete as to materials and 20% complete as to conversion.Units started and completed: 250,000.Units completed and transferred out: 330,000.Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion. Costs:Costs in beginning Work in Process - Direct Materials: $37,200.Costs in beginning Work in Process - Conversion: $79,700.Costs incurred in October - Direct Materials: $646,800.Costs incurred in October - Conversion: $919,300. Calculate the cost per equivalent unit of materials.

A. $2.59 B. $2.20 C. $2.33 D. $2.00 E. $1.89

Business

Which of the following securities is eligible for a cumulative dividend?

A. Debenture bonds B. Preferred stock C. Classified stock D. Common stock E. Founders' stock

Business

Social responsibility by a business:

a. Is a doctrine developed by economist Milton Friedman. b. Requires a business to examine how its decisions affect its stakeholders, not just its shareholders. c. Is not part of a discussion of business ethics. d. None of the above

Business