Eminent domain allows the government to take private property for public use after paying consideration
Indicate whether the statement is true or false
TRUE
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Venture teams focus exclusively on which of the following?
A) products in the maturity stage of the product life cycle B) products in the growth stage of the product life cycle C) relationships with large, important customers D) the development of a new product E) the promotional plan for a new product
Rapid Industries has multiple divisions. One division, Iron Products, makes a component that another division, Austin, is currently purchasing on the open market. Iron Products currently has a capacity to produce 500,000 components at a variable cost of $7.50 and a full cost of $10.00. Iron Products has outside sales of 460,000 components at a price of $12.50 per unit. Austin currently purchases 50,000 units from an outside supplier at a price of $12.00 per unit. Assume that Austin desires to use a single supplier for its component.a. What will be the effect on Rapid Industries' operating profit if the transfer is made internally? Assume the 50,000 units Austin needs are either purchased 100% internally or 100% externally.b. What is the minimum transfer price?c. What is the maximum
transfer price? What will be an ideal response?
Which statement about the decline stage of the business life cycle is FALSE?
a. A company may start the life cycle all over again with the same product. b. A company may be able to adapt to the consumers' changing needs. c. Some competitors will drop out of the market. d. Some competitors will remain and compete in the now smaller market.
Which of the following sets just-in-time systems apart from traditional manufacturing systems?
A. Cost of goods sold is not calculated. B. It can be used in conjunction with activity based costing. C. Materials are purchased only as they are needed to manufacture goods. D. Cost of goods sold includes all manufacturing cost.