Fonseca Construction Supply has product divisions for lumber, hardware, electrical supplies, and plumbing supplies. Each has its own production facility and sales staff. Fonseca is
A. tightly integrated.
B. bureaucratic.
C. functionally organized.
D. a matrix organization.
E. highly differentiated.
E. highly differentiated.
A company producing lumber, hardware, electrical supplies, and plumbing supplies and that has different product divisions, each with its own production facility and sales staff is a highly differentiated organization.
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What is the audit committee of the board of directors of a company responsible for?
a. Hiring the auditor. b. Preparing the financial statements. c. The audit workpapers. d. Obtaining evidence.
Price & Malone Corp., a company based in Houston, caters to a market of individuals and households that buy goods and services for personal consumption. Price & Malone caters to a ________ market
A) business B) reseller C) government D) consumer E) wholesale
John has invented a device to monitor the tire pressure on bicycle tires. This device consists of a
tire pressure sensor on the tire with a radio transmitter and a receiver mounted on the handlebars to give a readout of the pressure. The radio transmitter is similar to existing designs, but one has never been used in this way. The product cannot be produced for less than $120, but John's preliminary marketing studies indicate that the product could not be sold for more than $25. Which of the following is true? A) John cannot get a patent because the inability to produce the product at a cost low enough to sell it means that it does not meet the usefulness requirement. B) John cannot get a patent because the transmitter part is not a new invention. C) John can get a provisional patent which would provide limited protection until he can redesign it so that it can be made for under $25. D) John can obtain protection for his invention even if someone else files a patent application for the same invention so long as John actually invented his first.
Fabricators, Inc. wants to increase capacity by adding a new machine. The fixed costs for machine A are $90,000, and its variable cost is $15 per unit. The revenue is $21 per unit. What is the break-even point for machine A?
A) $90,000 dollars B) 90,000 units C) $15,000 dollars D) 15,000 units E) 4,286 units