Business risk refers to the relative dispersion (variability) of a company's net income
Indicate whether the statement is true or false
FALSE
You might also like to view...
Rita is on a team that consists of members who work together over time and distance via electronic media to combine effort and achieve common goals. Rita is on a(n)
A. remote team. B. e-team. C. self-managed team. D. virtual team. E. quality improvement team.
After an assessment of needs, a marketing manager must translate ideas from consumers into concepts for products that a firm may develop. The concepts must then be converted into a tangible
A. marketing program. B. macromarketing agenda. C. marketing concept. D. micromarketing agenda. E. marketing strategy.
Which of the following is the first step that an organization should take in creating or redefining its service environment?
A. Conducting an inspection of its systems and practices B. Reviewing the manner in which external customer needs are addressed C. Empowering its employees to better serve customers D. Making sure it knows who its customers really are
The company thinks it can reduce fixed costs to $6,800, but variable cost will increase to $64 per hour. The price per unit will not change. What is the new breakeven point in hours?
Accurate Accounting provides accounting services at an average price of $110 per hour and incurs variable costs of $60 per hour. Assume average fixed costs are $7,200 a month. (Round your answer to the nearest whole unit.)