Generally, a planning horizon lasts for one
A. week.
B. month.
C. quarter.
D. year.
E. decade.
Answer: D
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The process of taking wool off sheep and using it to make soft sweaters shows how manufacturing can create ________ utility.
A. place B. possession C. market D. form E. time
Fast Bikes Company offers warranties on all their bikes. They estimate warranty expense at 3.5% of sales. At the beginning of 2018, the Estimated Warranty Payable account had a credit balance of $1900. During the year, Fast Bikes had $296,000 in sales and had to pay out $5900 in warranty payments. At the end of the year, what is the ending balance in the Estimated Warranty Payable accounts?
A) $6360 B) $7800 C) $8460 D) $10,360
Attempts by competitors to interfere with the market and control prices are called parallel price-fixing and are illegal per se under Section 1 of the Sherman Act.
Answer the following statement true (T) or false (F)
A theory of corporate governance model that argues business must be held accountable to more than just shareholders is known as the _______________________________ theory.
Fill in the blank(s) with the appropriate word(s).