Which of the following would be a likely mathematical expression for Total Revenue?
a. Total Revenue = Production Volume + Revenue per Unit
b. Total Revenue = Profit – Production Volume × Revenue per Unit
c. Total Revenue = Production Volume × Revenue per Unit
d. Total Revenue = Total Variable Cost + Production Volume + Revenue per Unit
C
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Hi-Tech Company produces widgets that cost $60 each and have a 5 percent failure rate. If 500 widgets are sold, the entry to record the estimated product warranty expense would be
a. Product Warranty Expense 300 Estimated Product Warranty Liability 300 b. Product Warranty Expense 1,500 Estimated Product Warranty Liability 1,500 c. Product Warranty Expense 150 Cash 150 d. Estimated Product Warranty Liability 75 Cash 75
Citizen marketers, according to Ben McConnel and Jackie Huba,
A) are comprised of one homogeneous group of ordinary people. B) can be divided into four distinct categories. C) are each unique individuals and therefore cannot be categorized. D) can be broken down according to conventional demographic traits. E) can be divided into industry professionals and celebrities.
Which of the following elements constitutes an affirmative defense by an employer to a claim of sexual harassment at the work place?
A) The employee was harassed by other employees who are no longer employed by the employer. B) The employer had no knowledge about the sexual harassment faced by the plaintiff-employee until a court notice was served on the employer. C) The employee failed to take advantage of any preventive or corrective opportunities provided by the employer. D) The employee misinterpreted words or actions by the employer or his employees which were not intended to be sexual harassment.
Which of the following does not characterize the nature of competition for U.S. companies in today's economy?
A. Emphasis on high quality good and services that respond quickly to changes in consumer tastes B. Capitalize on narrowly defined, routine jobs as a way to hold down labor costs so they are comparable to low wage countries C. Need for greater levels of employee involvement that can capitalize on higher education levels D. Short-term, market-driven employment relationships where the employee is more closely tied to their job/occupation than to the company they work for