__________are compatible with the IBM System/360 line introduced in 1965
A) Minicomputers
B) Mainframe computers
C) Personal computers
D) Super computers
B
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Which one of the following ratios is a common analytical tool used by merchandise corporations, but not by service corporations?
a. Earnings per share b. Gross profit ratio c. Current ratio d. Profit margin
Internet is an example of a nonpersonal channel of communication
Indicate whether the statement is true or false
If a calculator company produces 100,000 hand calculators at a cost of $10, but the cost drops to $9 when it produces 200,000 and $8 when it produces 400,000 hand calculators, the decline in average cost with accumulated product experience is called
the price elasticity of demand. Indicate whether the statement is true or false
Period costs under the variable costing method include ________.
A) variable manufacturing overhead B) variable selling and administrative costs C) direct materials D) direct labor