_____ multiplied by the number of units sold equals total revenue for the firm

a. Discount

b. Price

c. Overhead cost
d. Profit margin


ANSWER: b

Price is an important competitive weapon, and is very important to the organization because price multiplied by the number of units sold equals total revenue for the firm.

Business

You might also like to view...

Overuse of boldface destroys its _____________

a. color b. impact c. beauty d. style

Business

In some instances affirmative action practices have generated unintended consequences. Which of the following is an unintended consequence experienced by South Africa?

a. Black people became the dominant race b. As a result of affirmative action practices many Afrikaners chose to leave the country. c. South Africa was flooded with immigrants who wanted to live in such a proactive anti-discrimination environment d. The South African courts were burdened with multiple challenges to the affirmative action policies

Business

U.S. dollars deposited in foreign banks outside the United States or in foreign branches of U.S. are referred to as

A) Eurodollars. B) Eurocurrencies. C) Eurobonds. D) foreign bonds.

Business

The going concern assumption:

A) Means that accounting information reflects a presumption that the business will continue operating instead of being closed or sold. B) Means that we can express transactions and events in monetary, or money, units. C) Presumes that the life of a company can be divided into time periods, such as months and years, and that useful reports can be prepared for those periods. D) Means that a business is accounted for separately from other business entities, including its owners. E) Prescribes that a company record the expenses it incurred to generate the revenue reported.

Business