Which of the following is an example of a period cost for a manufacturing company?
A) advertising expense
B) depreciation on factory equipment
C) indirect materials
D) property taxes for the factory
A) advertising expense
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What are the three realities of forecasting that companies face?
What will be an ideal response?
A decision maker who uses the maximin criterion when solving a problem under conditions of uncertainty is:
A) an optimist. B) a pessimist. C) an economist. D) an optometrist. E) making a serious mistake; maximin is not appropriate for conditions of uncertainty.
Low level of service often results in ______.
a. higher customer satisfaction b. longer waiting lines c. lower waiting time cost d. higher capacity-related costs
Rand offers Quade the amount of a down payment on a house if Quade marries Rand's daughter Pepper. This promise is enforceable
A. only if it is in writing. B. only if the price of the house includes the land. C. only if Pepper agrees to marry Quade. D. under no circumstances.