Stuart promises to act as a guide and fishing instructor on a trip for a group of visiting dignitaries. The dignitaries agree to pay him $200 for his services. Stuart completes his duties, but when they discover that Stuart does not have a fishing license, they refuse to pay him. The agreement between Stuart and the dignitaries is an illegal one, which is not enforceable
Indicate whether the statement is true or false
False
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A SWOT analysis is
A. a search for the strengths, weaknesses, opportunities, and threats influencing an organization's competition. B. a diversity and synergy method used in vertical integration. C. a search for the strengths, weaknesses, opportunities, and threats affecting an organization. D. an analysis of strategies, ways to improve, output methods, and threats influencing a company. E. an inexpensive method of implementing a forecast.
The best reason to give the receiver for a refusal is "company policy" because it requires no further explanation
Indicate whether the statement is true or false
A firm produces three products in a repetitive process facility. Product A sells for $60; its variable costs are $20. Product B sells for $200; its variable costs are $80. Product C sells for $25; its variable costs are $15
The firm has annual fixed costs of $320,000. Last year, the firm sold 1000 units of A, 2000 units of B, and 10,000 units of C. Calculate the break-even point of the firm. The firm has some idle capacity at these volumes, and chooses to cut the selling price of A from $60 to $45, believing that its sales volume will rise from 1000 units to 2500 units. What is the revised break-even point?
Discretionary income is associated with all of the following except
A. automobiles. B. education. C. pets. D. furniture. E. food.