Which of the following is an example of an economic incentive to improve asset utilization?
a. Fixed costs are relatively easy to cover because not much capital is tied up in service facilities
b. Incremental costs of extended hours may be covered by increased revenue and decreased crowding
c. Advertising expenditures can be reduced because of the substantial increases in positive word-of-mouth
d. Workers are relatively less expensive when they work more hours
e. The cost to keep lights on and equipment running is not easily recouped by a few extra patrons.
b
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Low prices on some items serve as traffic builders or loss leaders for retailers
Indicate whether the statement is true or false
The Uruguay Round of trade negotiations was primarily concerned with
a. import tariffs. b. export tariffs. c. economic sanctions. d. nontariff trade barriers.
Which of the following accounts is not included in the asset section of the balance sheet?
A. Accounts receivable. B. Supplies. C. Services revenue. D. Land. E. Cash.
Generally, one of the responsibilities of line managers in performance management is to maintain a reporting system to ensure that appraisals are conducted on a timely basis.
Answer the following statement true (T) or false (F)