A legal agreement that allows a business to be operated using the name and business procedures of another firm is referred to as a:
A. blue ocean strategy.
B. green field investment.
C. cartel.
D. franchise.
Answer: D
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The cost of repairing a machine damaged during installation should be charged as an operating expense
Indicate whether the statement is true or false
The Lucy Corporation purchased and used 129,000 board feet of lumber in production, at a total cost of $1,548,000. Original production had been budgeted for 22,000 units with a standard material quantity of 5.7 board feet per unit and a standard price of $12 per board foot. Actual production was 23,500 units. Compute the material quantity variance
A) 63,000F B) 63,000U C) 59,400F D) 59,400U
Income statements for three companies are provided below:
Required: (a) Prepare new income statements for the firms assuming each sells one additional unit (i.e. each firm sells 21 units)(b) Briefly describe the effect of cost structure on profitability.
What will be an ideal response?
According to the psychologist Abraham Maslow, self-actualizing needs are met through a:
A. feeling of self-importance, prestige, or recognition. B. sense of achievement, competence, and creativity. C. feeling of belonging to a group. D. sense of security from physical harm and mental abuse.