What does a ‘loose’ culture refer to?
a) Few cultures that overlap
b) Many cultures that overlap
c) Few cultures that are superficial
d) Many cultures that are superficial
d) Many cultures that are superficial
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A franchise organization is an example of a(n) ________ vertical marketing system
A) corporate B) administered C) contractual D) regulatory E) controlled
______ are deeply held beliefs or guiding principles shared by everyone working at a particular company.
What will be an ideal response?
Indicate the correct form of the adjective or adverb in parentheses. Use more or most, when appropriate, instead of less or least. Lorraine invests (cautiously) than her friends
Engineworks Co. provides the following fixed budget data for the year:Sales (20,000 units) …………………………….?$600,000Cost of sales:?? Direct materials …………………………….. $200,000? Direct labor …………………………………160,000? Variable overhead …………………………..60,000? Fixed overhead ……………………………..80,000500,000Gross profit …………………………………….?$100,000Operating expenses:?? Fixed ………………………………………..$12,000? Variable …………………………………….40,000 52,000Income from operations ………………………..?$ 48,000The company's actual activity for the year follows:??Sales (21,000 units)
…………………………….?$651,000Cost of goods sold:?? Direct materials …………………………….. $231,000? Direct labor …………………………………168,000? Variable overhead …………………………..73,500? Fixed overhead ……………………………..77,500550,000Gross profit …………………………………….?$101,000Operating expenses:?? Fixed ……………………………………….12,000? Variable …………………………………….39,500 51,500Income from operations ……………………….?$ 49,500Required:Prepare a flexible budget performance report for the year using the contribution margin format. What will be an ideal response?