Goals are specific steps to be taken to implement the strategies and identify who is responsible for their completion.

Answer the following statement true (T) or false (F)


False

Business

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Kevin Campbell is an incoming freshman at your college. Kevin is frustrated by the cost of books, tuition, and expenses, and he also needs to purchase a rather expensive laptop. In an effort to save money, Kevin begins a Facebook group finding other college students who need to purchase laptops. Soon, Kevin's Facebook group has close to 100,000 students. Kevin decides to collectively approach different computer companies to see if his group qualifies for a special discount. What business strategy is Kevin using to purchase laptops?

A. Purchasing a substitute product B. Increasing buyer power C. Collecting business intelligence D. Decreasing entry barriers

Business

Jet Products had no units in process at the beginning of the year. Jet uses process costing and has calculated 47,000 total equivalent units completed during the year. If there were 53,000 units started in the current period and 10,000 units in ending work-in-process, what percentage complete were the ending inventory units?

A) 50% B) 60% C) 40% D) 22%

Business

A project's equivalent annual annuity (EAA) is the annuity cash flow that yields the same present

value as the project's NPV. Indicate whether the statement is true or false

Business

Which of the following would not be considered as primarily a merchandising business?

A. Abercrombie and Fitch B. Regal Cinemas C. Sam's Clubs D. Amazon

Business