Which of the following is not a major question to ask in thinking strategically about industry and competitive conditions in a given industry?
A. How many companies in the industry have good track records for revenue growth and profitability?
B. What strategic moves are rivals likely to make next?
C. What are the key factors for future competitive success?
D. Does the outlook for the industry offer good prospects for profitability?
E. What forces are driving changes in the industry, and what impact will these changes have on competitive intensity and industry profitability?
A. How many companies in the industry have good track records for revenue growth and profitability?
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________ refers to the education, experience, knowledge, abilities, and skills required to perform work.
A. Marginal productivity B. Internal alignment C. Human capital D. Surplus value
Garcia Corporation's April sales forecast projects that 5,000 units will sell at a price of $10.50 per unit. The desired ending inventory is 30% higher than the beginning inventory of 1,000 units. Budgeted purchases in April would be:
A. 6,300 units. B. 5,000 units. C. 5,300 units. D. 6,000 units. E. None of the choices are correct.
When considering cash outflows, higher present values are preferred.
Answer the following statement true (T) or false (F)
Fortify, Inc. uses a predetermined manufacturing overhead rate based on direct labor hours to apply its indirect product costs to jobs. The following information has been collected for the previous year: Direct materials$150,000 Direct labor 200,000 Sales commissions 100,000 Indirect labor 50,000 Rent on office equipment 25,000 Depreciation - factory building 75,000 Utilities - factory 125,000 Fortify used 25,000 direct labor hours and 50,000 machine hours during the previous year. What is the predetermined overhead rate per direct labor hour?
A. $10.00. B. $14.00. C. $24.00. D. $15.00.