Distinguish the following costs as prevention, appraisal, internal failure, or external failure
a) Rework substandard products
b) Technical support provided to suppliers
c) Warranty repairs and replacements
d) Inspection of test equipment
e) Liability arising from defective products
f) Field testing and appraisal at customer site
g) Disposal of defective products
What will be an ideal response
a) Rework substandard products Internal failure costs
b) Technical support provided to suppliers Prevention costs
c) Warranty repairs and replacements External failure costs
d) Inspection of test equipment Appraisal costs
e) Liability arising from defective products External failure costs
f) Field testing and appraisal at customer site Appraisal costs
g) Disposal of defective products Internal failure costs
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Match each term with the correct statement below.
a. main memory b. information c. input unit d. output unit e. control unit f. central processing unit 1. Data that has meaning 2. Any device that is used to enter data into computers 3. The unit that controls the entire computer system 4. The unit that guides the operations of a computer 5. Any hardware device that displays the computers requests or processed information 6. The unit that stores data, instructions, and other information that a computer needs to operate
Hunter Sailing Company exchanged an old sailboat for a new one. The old sailboat had a cost of $280,000 and accumulated depreciation of $140,000. The new sailboat had an invoice price of $297,000. Hunter received a trade in allowance of $141,000 on the old sailboat, which meant the company paid $156,000 in addition to the old sailboat to acquire the new sailboat. If this transaction lacks commercial substance, what amount of gain or loss should be recorded on this exchange?
A. $140,000 loss B. $141,000 gain C. $0 gain or loss D. $1000 loss E. $1000 gain
Which of the following categories of people have the right to walk away from a contract they made to buy a new house?
a. an insane person b. a minor c. a heavily intoxicated person d. none of these conditions are relevant e. all of those conditions can be relevant to contractual capacity
Many successful firms develop a formal _____ to answer the question, "Who is your target market and how do you plan to reach them?"
a - marketing mix b - market vision statement c - marketing priority list d - marketing plan