Which of the following would be an example of a reverse auction?
A. Direct buyer- seller bidding
B. Blind bidding on consumer's perceived value
C. Suppliers bidding for contracts
D. Distributors bidding on territories
E. All of the above
C
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A S.W.O.T. analysis
A. identifies a firm's "strengths, weaknesses, opportunities, and threats." B. focuses on what a firm plans to do to "Satisfy Wishes of a Target" customer. C. helps defend against potential competitors by developing a set of competitive "safeguards, weapons, offensives, and tactics." D. seeks to reduce the risk of competitive surprises by scanning the market for "signals, warnings, omens, and tips." E. summarizes a firm's "strategy, wishes (of its customers), outlook, and tactics."
A stock-keeping unit (SKU) is a unique identification number used to track a product in the consumer's home.
Answer the following statement true (T) or false (F)
The financial statements measure precisely the financial condition and results of operations of a business
Indicate whether the statement is true or false
Medlar Corporation's static planning budget for June appears below. The company bases its budgets on machine-hours. Budgeted number of machine-hours$8,900 Supplies (@ $2.20 per machine-hour) 19,580Power (@ $3.80 per machine-hour) 33,820Salaries 26,700Equipment depreciation 39,160Total$119,260?In June, the actual number of machine-hours was 9,300, the actual supplies cost was $19,760, the actual power cost was $35,720, the actual salaries cost was $27,130, and the actual equipment depreciation was $39,430.?The spending variance for power cost in the flexible budget performance report for the month should be:
A. $380 F B. $1,900 U C. $1,900 F D. $380 U