When a company has a production constraint, total contribution margin will be maximized by emphasizing the products with the highest contribution margin per unit of the constrained resource.

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


True

Business

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Scholastic Tours is trying to decide which one of two tours it will introduce. The costs and revenues associated with each alternative are listed below:  Eastern Tour Western TourProjected revenue$14,000  $18,000 Variable costs 2,000   10,000 Fixed costs 6,000   6,000 Profit$6,000  $2,000  What are the incremental (differential) costs of the Western Tour?

A. $4,000 B. $8,000 C. $6,000 D. None of these.

Business

Job satisfaction has a ________ correlation with affective commitment.

A. moderate weak B. weak negative C. strong positive D. moderate E. weak positive

Business

The ________ is a business philosophy that says the customers' want-satisfaction is the economic and social justification for a firm's existence.

A. scientific approach to business B. Six Sigma concept C. TQM concept D. marketing concept E. sales heuristic

Business

A nonpoint source is a land use that causes pollution

Indicate whether the statement is true or false

Business