Foreign firms that sell products in the U.S. do not have to bear the costs of compliance with strict liability standards
a. True
b. False
Indicate whether the statement is true or false
False
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Answer the following statements true (T) or false (F)
1. Fixed costs divided by contribution margin per unit equals the breakeven point in unit sales. 2. Fixed costs divided by the contribution margin ratio equals the breakeven point in sales dollars. 3. In a cost-volume-profit (CVP) graph, the breakeven point is where the sales revenue line intersects the fixed cost line. 4. The breakeven point is the point where the sales revenues are equal to the total variable costs plus the total fixed costs. 5. Sensitivity analysis allows managers to see how various business strategies will affect profit levels.
In most cases, which of the following is true about a subsistence economy?
A) It has an agrarian society. B) It is by definition landlocked. C) It has a viable middle class. D) It has high literacy levels. E) It has an advanced economic infrastructure.
The ________ states that an acceptance is effective when it is dispatched, even if it is lost in transmission
A) rule of silence as acceptance B) mirror image rule C) mailbox rule D) mutual assent rule
The amount of time that an agent works for a principal is not one of the factors in determining independent contractor status
Indicate whether the statement is true or false