Performance standards can only be set with respect to quantity or quality.

Answer the following statement true (T) or false (F)


False

Performance standards can be set with respect to time used and cost, as well as with respect to quantity and quality.

Business

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The manager of Hampton, Inc. is trying to decide whether to make or buy a component of the product it sells. Which of the following costs and benefits is not relevant to the decision?

A. Direct labor cost involved in making the component B. Variable manufacturing overhead involved in making the component C. The purchase price of the component if it is bought D. The selling price of the product

Business

Listmann Corp. processes four different products that can either be sold as is or processed further. Listed below are sales and additional cost data:ProductSales Value with no further Processing Additional Processing Costs Sales Value after further processingPremier $1,350  $900  $2,700 Deluxe  450   225   630 Super  900   450   1,800 Basic  90   45   180 Which product(s) should not be processed further?

A. Premier. B. Deluxe. C. Basic. D. Super. E. Premier and Basic.

Business

As a business-to-business marketer, would you prefer to market to a firm with an autocratic or a consensus buying center culture, and why?

What will be an ideal response?

Business

The Supreme Court has held that the plaintiff will have shown a prima facie case of discrimination if:

a. she is within a protected class. b. she was qualified for and applied for an open position and was denied the job. c. after rejecting the complainant, the employer continued to try to fill the position from applicants with the complainant's qualifications. d. A combination of all of these.

Business