If no time for performance is stated in a contract, any time is acceptable.
Answer the following statement true (T) or false (F)
False
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Variance analysis would be appropriate to measure performance in
a. profit centers. b. investment centers. c. cost centers. d. all of the above.
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It is estimated that the machine could produce 75,000 bolts of woven fabric over its useful life. In the first year, 15,000 bolts were produced. In the second year, production increased to 19,000 units. Using the units-of-production method, what is the amount of accumulated depreciation at the end of the second year?
A. $48,133. B. $81,600. C. $45,600. D. $23,750. E. $86,133.
Answer the following statement(s) true (T) or false (F)
1. Experiments do not have to have a clear purpose; they only need to be observed and have an outcome. 2. If the experiment fails to deliver the results the entrepreneur anticipated, the experiment is a failure. 3.A new perfume manufacturer wants to test peoples’ reaction to the scent.As people enter a large department store, they are sprayed with the product and asked to fill out a questionnaire in exchange for a free sample.This would be an acceptable way of conducting the experiment.
A marketing manager who sets prices to achieve a given level of market share is using a profit-oriented pricing objective.
Answer the following statement true (T) or false (F)