If fixed costs increase, the break-even point in units will
A) increase
B) decrease
C) remain the same
D) remain the same; however, contribution per unit will decrease
A
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A company owns a piece of land that originally cost $10,000 and has a fair market value of $8,000 . It is exchanged along with $5,000 cash for another piece of land having a fair value of $13,000 . The exchange had commercial substance. The proper journal entry to record this transaction is
a. Land (new)........................ 15,000 Land (old)...................... 10,000 Cash ........................... 5,000 b. Land (new) ....................... 13,000 Loss on Exchange ................. 2,000 Land ........................... 10,000 Cash ........................... 5,000 c. Land (new)........................ 18,000 Land (old) ..................... 10,000 Cash ........................... 5,000 Gain on Exchange ............... 3,000 d. Land (new)........................ 13,000 Retained Earnings ................ 2,000 Land (old)...................... 10,000 Cash ........................... 5,000
When developing a product strategy, the salesperson must:
A) review information on consumer motivation B) adopt the marketing concept C) adopt the sure-win philosophy D) consider price above other aspects of the product E) use feature-benefit analysis
Answer the following statements true (T) or false (F)
1. Research indicates that the communication of complex detailed information is improved dramatically by using face-to-face rather than written channel. 2. Persuasion is an effort to coerce, fool, seduce, or manipulate the receiver. 3. With regard to technology, a manager’s most important decision is whether to use technological media for communicating a message. 4. Managerial decision-making is defined as the process of identifying old and developing new problems.
Deere and Company, the maker of John Deere tractors, was one of the first firms to combine robotics and computer-integrated manufacturing. By doing this, it achieved more efficiently utilized facilities and greater flexibility in production. The method of production that has given Deere these tremendous improvements in operations is known as
A. just-in-time inventory management. B. flexible manufacturing. C. PERT. D. short cycle manufacturing. E. Theory Z.