Which of the following is not a trait of successful entrepreneurs?
a. initiative
b. frustration
c. perseverance
d. strategic thinking
ANSWER: b
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If a marketing manager plans to enter newly industrializing-countries (NICs) or other Asia markets with a product that has proved to be successful in the home market, the product's diffusion processes are likely to be:
A) negligible since consumers will take time to assess the relative advantage. B) much slower than in the home market. C) much faster than in the home market. D) similar to that in the home market. E) less compatible in the Asian market.
Accurate Tax Returns budgets two direct labor hours for every tax return that it prepares, at a standard cost of $34 an hour. During the most recent year, 520 returns were completed with the labor cost totaling $18,000. The actual labor cost was $34.62 per hour during that period. The actual number of labor hours was 1200. What is the direct labor cost variance?
A) $320 F B) $40,800 U C) $744 U D) $40,800 F
A local diner offers a lunch special during the week for $5.99. On Wednesdays, senior citizens can get the same lunch special for $4.99. This is a form of predatory pricing.
Answer the following statement true (T) or false (F)
A person who violates the Clean Water Act can face possible imprisonment in addition to other penalties
a. True b. False Indicate whether the statement is true or false