Competitive advantage can be defined as:
A) the ability of customers to properly perform and co-produce their part of a service.
B) a firm's ability to achieve market and financial superiority over its competitors.
C) a pattern or plan that integrates an organization's major goals, policies, and action sequences into a cohesive whole.
D) a firm's ability to commercialize a device, method, or idea that differs from existing norms.
B
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Voyage Boat Company manufactures 100 luxury yachts per month. A compact media center is included in each yacht. Voyage Boat manufactures the media center in-house but is considering the possibility of outsourcing this function. At present, the variable cost per unit is $280, and the fixed costs are $42,000 per month. Aaron Dalton, the CEO, wishes to increase operating income by $3000. He has an offer from a foreign producer to provide the media centers at a contract cost of $350 per unit. The required savings in fixed costs in order to achieve his objective would be ________.
A) $3000 B) $7000 C) $10,000 D) $28,000
The 1933 Act prohibits fraud only in transactions involving registered securities
a. True b. False Indicate whether the statement is true or false
Assuming the pure expectations theory is correct, which of the following statements is CORRECT?
A. If 2-year Treasury bond rates exceed 1-year rates, then the market must expect interest rates to rise. B. If both 2-year and 3-year Treasury rates are 7%, then 5-year rates must also be 7%. C. If 1-year rates are 6% and 2-year rates are 7%, then the market expects 1-year rates to be 6.5% in one year. D. Reinvestment rate risk is higher on long-term bonds, and interest rate (price) risk is higher on short-term bonds. E. Interest rate (price) risk and reinvestment rate risk are relevant to investors in corporate bonds, but these concepts do not apply to Treasury bonds.
____________________ goods are those that meet the standards set down by the contract
Fill in the blank(s) with correct word