Statistics indicate that over half of the world output now comes from emerging markets. This is leading to a(n) ________ of living standards across the globe and is changing the face of business.
A. expansion
B. divergence
C. convergence
D. contraction
Answer: C
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Porsche AG uses the label "Top Guns" to describe one segment of its customers, namely those who care about power and control and who expect to be noticed. Such a profile would be based on which type of segmentation?
A) demographic B) occupational C) psychographic D) behavioral E) gender
A 60-day, 12% note for $10,000, dated May 1, is received from a customer on account. If the note is discounted on May 21 at 15%, the proceeds are
A) $170 B) $9,830 C) $10,000 D) $10,030
Paw-Paw Products Paw-Paw Products produces and sells flannel covered dogbeds. In the current year, Paw-Paw had expected to sell 8,000 beds but actually produced and sold 8,500 beds. The following information is available regarding the standard cost to produce a single dogbed: Direct materials: 5 yards at $1.50 per yard Direct labor: 40 minutes at $.20 per minute In the current year, 44,000 yards
of material were purchased and used at a cost of $1.60 per yard and 365,500 direct labor minutes were incurred at a cost of $.23 per minute. Refer to the Paw-Paw Products information above. The company's direct material price variance for the current year is: A) $4,250 F. B) $6,650 U. C) $4,400 U. D) $3,750 F.
An installment-refund annuity:
A) guarantees that annuity payments will continue to a successor beneficiary until the insurer pays out a total amount equal to the premium B) guarantees that annuity payments will continue to a successor beneficiary until the insurer pays out a total amount equal to the excess interest C) guarantees that annuity payments will continue to a successor beneficiary until the insurer pays out a total amount equal to the liquidation value D) guarantees that annuity payments will continue to a successor beneficiary until the insurer pays out a total amount equal to the structured settlement premium