List and explain the four alternative measures of capacity
Theoretical capacity--This is the estimated maximum potential activity for a specified time. It assumes that all production factors are operating perfectly. It disregards such factors as machinery breakdowns and reduced plant operations.
Practical capacity--This measure reduces theoretical capacity by ongoing regular operating interruptions. It represents the capacity that could realistically be achieved during normal working hours.
Normal capacity--This measure considers historical and estimated future production levels and cyclical fluctuations.
Expected capacity--This is a short-run capacity measure that represents the firm's anticipated activity level for the upcoming period based upon projected product demand.
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Creating a traditional paper résumé is
A) unnecessary in most cases, since so many applicants apply for jobs online. B) helpful only if you are applying for old-fashioned jobs. C) still useful, even if most or all of your application efforts take place online. D) a hindrance for most job seekers, since it suggests they are out of touch with technology. E) unnecessary if the résumé is scannable.
Cocktail lounges in restaurants are examples of ________
A) differential pricing B) cultivating nonpeak demand C) complementary services D) reservation systems E) shared services
The most basic forms of market segmentation involve ________ and ________ criteria
A) psychographic; behavioral B) psychographic; demographic C) behavioral; needs D) values; demographic E) values; needs
A company's ledger accounts and their end-of-period balances before closing entries are posted are shown below. What amount will be posted to Retained earnings in the process of closing the Income Summary account? (Assume all accounts have normal balances.) Retained earnings$7,000Dividends 9,600Revenue 29,000Rent expense 3,600Salaries expense 7,200Insurance expense 920Depr. Expense-equipment 500Accum depr.-equipment 1,500
A. $18,280 credit. B. $7,180 credit. C. $16,780 debit. D. $23,780 credit. E. $16,780 credit.