________ and operating risk are one in the same and are reflected in the projected variability of the earnings of the firm regardless of how the firm is financed

A) Business risk
B) Financial risk
C) Exchange rate risk
D) Risk of equity


A

Business

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Contribution margin ratio is equal to ________.

A) fixed costs divided by contribution margin per unit B) net sales revenue per unit minus variable costs per unit C) net sales revenue minus variable costs D) contribution margin divided by net sales revenue

Business

The financial statement that shows the results of a firm's operations over a specific time period is called the balance sheet

Indicate whether the statement is true or false

Business

Which of the following would be admissible under the parol evidence rule? Assume the written contract was made on June 1, 2018, and that it is an integrated document

A) A letter dated July 9, 2018, reciting agreement to new delivery terms B) A chart showing the dates for delivery written on August 16, 2018 C) A copy of two letters while the parties were in the negotiation stage of their contract which showed agreement to a term not included in the June 1, 2018 contract D) A copy of common carrier rules on the duty of delivery persons for uncrating merchandise, which is dated December 1, 2006

Business

Crazy Powermakers, Inc. (Scenario)Crazy Powermakers, Inc., was a unique company in that its philosophy was to prevent any one person from having too much power in the organization. Therefore, any power found to exist in the company was distributed to someone who did not have any power yet. As a result, Tamera was the person employees went to when disciplinary action had to be taken; Kayse was the supervisor that the employees went to for general decisions that needed to be made; Clay was the person employees went to when they were to receive special recognition; and Juan was the person employees went to when knowledge of a topic was needed.Kayse held ________ power.

A. reward B. expert C. legitimate D. coercive

Business