Firms communicate the results of their business activities in the _____
a. annual report to shareholders
b. weekly press releases
c. monthly press releases
d. annual press releases
e. annual income tax returns
A
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Skoff Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MarchRevenue $4,000$130,000Employee salaries and wages$42,700 $1,000$75,600Refurbishing materials $600$18,800Other expenses$37,900 $38,400?When the company prepared its planning budget at the beginning of March, it assumed that 35 containers would have been refurbished. However, 32 containers were actually refurbished during March.?The activity variance for "Other expenses" for March would have been
closest to: A. $4,100 U B. $500 F C. $0 D. $500 U
In Schuchmann v. Air Services Heating and Air Conditioning a home owner bought a heating and A/C unit with a lifetime warranty. After five years the company refused to honor the warranty because it was too expensive. When the consumer sued, the courts held that:
a. since the Missouri Merchandising Practices Act does not supplement the definition of common law fraud there was a need to prove an intent to defraud or reliance and the company was not liable b. the defendant failed to prove an intent to defraud or reliance and so the company was not liable c. since the Missouri Merchandising Practices Act supplements the definition of common law fraud there was no need to prove an intent to defraud or reliance and the company was liable d. the home owner did not maintain his air conditioning system properly, so the warranty was void and the company not liable e. none of the other choices are correct
An effective business plan analyzes the competition and identifies the resources required to profitably serve a target market.
Answer the following statement true (T) or false (F)
Because Numi Organic Tea has identified more than one target market, for example "eco-moms," college students, and family travelers, they should be particularly aware of the ____, which helps explain how consumption patterns differ at different stages determined by a combination of age, marital status, and the presence or absence of children.
a. Family life cycle b. 80/20 principle c. Undifferentiated targeting strategy d. Targeting strategy