According to the Panel Study of Entrepreneurial Dynamics (PSED), when an entrepreneur comes up with the idea from others, the single greatest idea source is from:
A. discussions with potential or existing customers.
B. discussions with existing suppliers or distributors.
C. discussions with potential or existing investors or lenders.
D. discussions with friends and family.
Answer: D
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If one party breaches a contract, the party suffering from the breach has no duty to mitigate (reduce) the extent of the damages suffered from the breach
a. True b. False Indicate whether the statement is true or false
In which of the following cases was the manufacturer held liable based on failure to warn:
a. a gun manufacturer that failed to warn users of damage to hearing from long-term exposure to gunfire b. a diet food producer that failed to provide adequate warnings about using the adult diet food as baby food c. Johnson and Johnson not warning Tylenol users that liver damage could occur in heavy drinkers who usedTylenol often d. all of the other specific choices are correct e. none of the other specific choices are correct
List actions and attitudes that result in excellent customer service.
What will be an ideal response?
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$126 Units in beginning inventory 0Units produced 1,900Units sold 1,800Units in ending inventory 100 Variable costs per unit: Direct materials$49Direct labor$28Variable manufacturing overhead$5Variable selling and administrative expense$11Fixed costs: Fixed manufacturing overhead$32,300Fixed selling and administrative expense$23,400What is the unit product cost for the month under variable costing?
A. $93 per unit B. $82 per unit C. $99 per unit D. $110 per unit