Explain the need, purpose, and creation of the most recently created federal cabinet-level department. How would you defend the creation of that department to someone who is critical of the size of the President's cabinet?
What will be an ideal response?
Most recently created department is Department of Homeland Security, created post-9/11/2001, putting 22 different federal agencies and 200,000 employees under the DHS. An effort to coordinate all efforts to fight terrorism.
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In which of the following geographic pricing strategies would customers located close to the company pay the same amount as customers in distant locations?
A) uniform-delivered pricing B) zone pricing C) FOB-origin pricing D) location-based pricing E) reference pricing
Variable costs for producing textbooks include the price of paper
Indicate whether the statement is true or false
Managements face the decision as to when to replenish inventories at year-end. Assuming inflation, a company using LIFO would experience which of the following?
a. Buy in December and these higher acquisition costs go into cost of goods sold. Wait until January of next year to purchase and the current year's cost of goods sold contains costs older, usually lower, than December's. b. Buy in December and these lower acquisition costs go into cost of goods sold. Wait until January of next year to purchase and the current year's cost of goods sold contains costs older, usually higher, than December's. c. Buy in December and these higher acquisition costs go into cost of goods sold. Wait until January of next year to purchase and the current year's cost of goods sold contains costs older, usually higher, than December's. d. Buy in December and these lower acquisition costs go into cost of goods sold. Wait until January of next year to purchase and the current year's cost of goods sold contains costs older, usually lower, than December's. e. none of the above
Dan has a site on eBay where he sells various items. In order to get the most money for the items he sells, Dan often bids on his own goods in order to drive up the price. Dan is guilty of
a. phishing. b. hacking. c. shilling. d. nothing; this is an acceptable practice.