A market is people or organizations that have:
A. the ability, willingness, and power to buy
B. a medium of exchange and products they desire
C. needs and wants and an ability and willingness to buy
D. unmet needs or wants and products or services that satisfy those unmet needs or wants
E. communication, financial, and capital resources
Answer: C
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Suppose you have a adjustable rate mortgage with a present interest rate of 13%. The current rate is set according to an interest rate index that had a rate of 15% when the current rate on your home loan was determined
Assuming that adjustments are unlimited in either direction, what is the interest rate on your home mortgage in the next adjustment period if the interest rate index is at 14%? A) 12% B) 13% C) 14% D) 15%
A loan involves a contractual agreement where a business receives some amount of money that must be repaid over a specified period of time at a specified interest rate.
Answer the following statement true (T) or false (F)
In analyzing a forecast model, what is the main advantage of using the MAD instead of the MSE?
What will be an ideal response?
The following are Silver Corporation's unit costs of making and selling an item at a volume of 8,000 units per month (which represents the company's capacity): Manufacturing: Direct materials$4 Direct labor$5 Variable overhead$2 Fixed overhead$8 Selling and administrative: Variable$1 Fixed$6 Present sales amount to 7,000 units per month. An order has been received from a customer in a foreign market for 1,000 units. The order would not affect regular sales. Total fixed costs, both manufacturing and selling and administrative, would not be affected by this order. The variable selling and administrative costs would have to be incurred for this special order as well as all other sales. Assume that direct labor is a variable cost.Assume the company has 50 units left over
from last year which have small defects and which will have to be sold at a reduced price for scrap. The sale of these defective units will have no effect on the company's other sales. Which of the following costs is relevant in this decision? A. $1 variable selling and administrative cost B. $19 unit product cost C. $26 full cost D. $11 variable manufacturing cost