If an asset doesn't earn a return, its value is determined by supply and demand
Indicate whether this statement is true or false.
Answer: TRUE
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Which of the following factors is not required to qualify as a partnership?
A) The carrying on of a business B) Equal investments of effort and capital C) An association of two or more persons D) The sharing of profits E) Co-ownership of the business
Virginia Company, a merchandising firm, operated five sales offices last year at a total cost of $500,000, of which $70,000 represented fixed costs. Virginia has determined that total costs are significantly influenced by the number of sales offices operated. Last year's costs and number of sales offices can be used as the basis for predicting annual costs. What would be the budgeted cost for the coming year if Virginia were to operate seven sales offices? (CPA adapted)
A. $602,000. B. $672,000. C. $586,000. D. $700,000.
Heijunka is the leveling of production load by both volume and product mix
Indicate whether the statement is true or false
In the context of the location of facilities, the operations manager of a _____ is likely to choose a location based on the proximity to customers.
A. publishing house B. bank C. food packaging plant D. coal mine