In interpreting a commercial agreement, a court will assume that the course of dealing between the parties was taken into account.
Answer the following statement true (T) or false (F)
True
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Irving Kaufman, the manager for the Barons singing group, was fired when he demanded more money. By what method was his employment terminated?
a) fulfillment of purpose b) unfulfilment of purpose c) mutual agreement d) revocation of authority e) none of the above
Prices are generally more inelastic in the early stages of the product life cycle and increasingly elastic in the later stages of the product life cycle.
Answer the following statement true (T) or false (F)
For a certain item, the cost-minimizing order quantity obtained with the basic EOQ model is 200 units, and the total annual inventory (carrying and setup) cost is $600. What is the inventory carrying cost per unit per year for this item?
A) $1.50 B) $2.00 C) $3.00 D) $150.00 E) not enough data to determine
In making product mix decisions, when fixed costs are irrelevant, a company should emphasize the product with the highest contribution margin per unit of the constraint
Indicate whether the statement is true or false