Briefly contrast the effects of purchasing a car and a house on your long-term finances.
What will be an ideal response?
Buying a car and buying a house have very different effects on your long-term finances. A car is a depreciating asset. That is, it declines in value as it ages. Most of the money you put into a car you will never get back. This suggests that you should put off buying a car until you absolutely need one, and that you should not spend more on it than it takes to get a good, safe vehicle. A house, on the other hand, usually appreciates or increases in value through the years, and home ownership can make an important positive contribution to your long-term planning and investment strategy.
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Universal Appliance prices its refrigerators at five distinct price levels based on finish, style, capacity, and features. They range from $799 to $9,500. This is an illustration of price steps
Indicate whether the statement is true or false
Mary has recently hired a new employee and is beginning job instructional training (JIT). She made him feel at ease, showed him what to do a few times while explaining it, and then gave him some people he can reach out to in the case of any questions. She then proceeded to monitor his work to ensure the quality. What step of JIT did Mary miss?
a. yelling him when he is allowed to take breaks b. allowing the trainee to complete the work while he explains all the steps c. telling him what he was doing wrong d. including other employees in the training process
To increase the odds that customers will give referrals, a salesperson should most likely:
A) build value into the sales process B) offer free products or discounts for referrals C) motivate buyers through time pressure D) provide a rational buying motive E) ask sales managers for permission to cut prices
What should determine whether an allocation base is a good cost driver?
A) Whether or not the base can be measured in terms of "hours". B) Whether or not the base can be applied plantwide. C) Whether or not the base is unique to the overhead being allocated. D) Whether or not there is a cause-and-effect relationship between the base and the overhead cost.