When a machine shop decides to have another organization perform the heat-treating operation on its products instead of doing its own heat treating, what does this illustrate?

A) Reengineering
B) Self-sourcing
C) Outsourcing
D) Job shop
E) Continuous process


C

Business

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As production decreases, variable costs per unit ____

A) increase B) decrease C) remain the same D) can not be predicted

Business

How long is the average wait at the soda machine?

The soda machine outside the lecture hall sees a steady stream of customers throughout the day. The machine takes 4 seconds to deliver a can of carbonated sugar water once the button is pressed and students generally know what they want from the machine - the average feeding of the machine takes two seconds. Over the course of a twelve hour lecture day, students arrive at the rate of 500 per hour. A) 15 seconds B) 20 seconds C) 25 seconds D) 30 seconds

Business

Which of the following is an example of benefit segmentation? 

A. A cigarette manufacturer separates the market into heavy users who smoke at least one pack a day, moderate users who smoke less than a pack, and the occasional user who smokes cigarettes or cigars only for special occasions. B. Colgate-Palmolive markets three types of toothpaste: toothpaste with fluoride to strengthen tooth enamel, toothpaste with whitening properties, and toothpaste for sensitive gums. C. REI has one line of bikes geared toward active bicyclists who bike everywhere and a line geared toward those who bicycle simply for recreational purposes.  D. Lego has certain lines of Legos geared toward children and other lines targeted toward adult collectors.  E. Michelin develops a more durable type of tire for the Southwestern market due to the impact hotter climate conditions can have on tires.

Business

Business firms are permitted to systematically charge a portion of the market value of fixed assets as depreciation against annual revenues

Indicate whether the statement is true or false

Business