Demand-backward pricing
A. is an average-cost pricing approach.
B. starts with an acceptable final consumer price and works backward to what producers can charge.
C. ignores demand estimates.
D. is only sensible when the channel captain is a large retailer.
E. None of these answers is correct.
Answer: B
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American Bank has loaned $12,000 to Shoreline Petroleum Inc using a 60-day non-interest-bearing note. The bank discounted the note at 12%. The proceeds of the loan will be
a. $12,000. b. $11,760. c. $240. d. $12,240.
Which of the following budgets should be prepared before the others listed?
a. Cost of goods manufactured budget b. Cash budget c. Production budget d. Overhead budget
Which of the following is a disadvantage of top-down planning?
A. It is highly sensitive to differences in local conditions. B. The people responsible for attaining the goals are formulating them. C. It restricts initiative at lower levels of the organization. D. It has corporate headquarters develop and provide guidelines. E. It reduces the need for consultation, especially in an international company.
As a result of the process of service delivery speeding up, with customers demanding faster service and faster responses when things go wrong, managers now spend up to ____________ of their time leading
a. 10 percent b. 25 percent c. 40 percent d. 65 percent e. 80 percent