OPEC can be considered as a "cartel" which is a group of separate companies that collectively:
A) sets prices, controls output, or takes other actions to maximize profits.
B) dictates how other countries should use their products.
C) produces more products in order to beat the competition.
D) conducts activities that are considered illegal in the United States.
E) works on forming a union against management of other companies.
A
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A major disadvantage of the high-low method of analyzing cost behavior is:
a. It bases its solution on only two possibly extreme observations, rather than all of the data points. b. It results in its analyzed cost being treated as either fixed or variable, based on which type of behavior it more closely resembles. c. Two persons could draw different lines through the data points. d. It enables non-representative points, called outliers, to be identified.
Prentice Company had cash sales of $94,275, credit sales of $83,450, sales returns and allowances of $1,700, and sales discounts of $3,475. Prentice's net sales for this period equal:
A. $94,275. B. $176,025. C. $172,550. D. $174,250. E. $177,725.
According to the information provided in Table 12-2, which presents a queuing problem solution, what proportion of time is at least one server busy?
A) 0.833 B) 0.758 C) 0.091 D) 0.909 E) None of the above
Under the UCC, a seller's tender of goods that do not conform in every way to a contract is still a valid tender.?
Indicate whether the statement is true or false