Postponement is valuable for a firm that
A) sells a large variety of products with demand that is dependent and comparable in size.
B) sells a large variety of products with demand that is independent and comparable in size.
C) sells a small variety of products with demand that is dependent and comparable in size.
D) sells a small variety of products with demand that is independent and comparable in size.
Answer: B
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Two managers of a company have a conflict over resources required to complete their new projects. Both managers want the best employees of the firm to work in their projects. Eventually, they arrive at a decision where they equally share the number of top-performing employees. In the given scenario, which of the following methods have the managers used to resolve the conflict?
A) ?Domination B) ?Coercion C) ?Compromise D) ?Mediation
Greg, a young entrepreneur, has developed an aggressive business plan and is presenting his profit projections on the popular show Shark Tank in hopes of securing some venture capital
He concludes his presentation with an LP model of his planned product mix, and is convinced he will seal the deal by demonstrating that his profits are limitless since his LP model is unbounded. What should the sharks tell him? A) "Limitless profits sound fantastic, here's a blank check." B) "Limitless profits are possible only in minimization models, and we want you to maximize profits." C) "Unlimited profits aren't possible. You must have made a mistake in your LP model." D) "Limitless profits are possible only in maximization models, and we want you to minimize profits."
Belvedere Corporation had a balance in its Equipment account on January 1, Year 1 of $331,400. During the year, equipment originally costing $88,200 and having Accumulated Depreciation of $21,700 was sold for $68,500. The ending balance of the Equipment Account was $286,400. How much did the company spend to purchase additional equipment during Year 1?
A. $88,200 B. $90,200 C. $21,700 D. $43,200
Pluto, Inc. sells tickets in advance for its weekly productions and records the proceeds as Unearned Revenue. At the end of each month, the company makes an adjusting entry to account for the tickets used during the month (ticket revenue) On March 1, the Unearned Revenue account had a credit balance of $5,000. During March, it sold 600 tickets at $40 each, and 550 tickets were used during the month. What is the balance in Unearned Revenue at the end of March?
A) credit balance of $7,000 B) debit balance of $5,000 C) credit balance of $5,000 D) debit balance of $7,000