Answer the following statements true (T) or false (F)
A company sells two products with information as follows:
Products are made by machine. Five units of product A can be made with three machine hours and five units of product B can be made with 0.6 machine hour. If there are no constraints on production or sales of either product, then the company should emphasize sales of product B.
TRUE
If there are no constraints on production or sales of either product, then the company should emphasize sales of product B.
You might also like to view...
In the final paragraph of your application letter you should
A) show the reader that you're a contender and demand an interview. B) close with a quote from your favorite philosopher or poet. C) request an interview and provide contact information. D) include information about extracurricular activities to show how well-rounded you are. E) thank the reader in advance for interviewing you.
Suppose that the actual cost of capital is 10%, but the firm chooses a discount rate of 18%. Managers of that company will be more likely to choose relatively short term investments
Indicate whether the statement is true or false
Unconscionable contracts are sometimes found where there is a consumer contract that takes advantage of uneducated, poor, or elderly people who have been persuaded to enter into unfair contracts.
Answer the following statement true (T) or false (F)
With respect to combined business skills and knowledge, which of the following partnerships is best?
A. Mary, Janet, and Liz own a bakery. They are able bakers by trade. Each wants to spend all of his time baking items. B. Leslie, Andrea, and Jamie own a boutique. Leslie has marketing expertise. Andrea has ten years' experience operating a successful small store, including hiring employees, handling inventory control, buying, and managing credit. Jamie is a CPA. Each has agreed to use his or her experience and expertise for the success of the business. C. Courtney and Bob, both young pharmacists, own a pharmacy. Neither has taken a business course, but they are willing to learn. D. Jack and Reena own a video store. Reena is most experienced as a homemaker and mother. Jack has worked as an auto mechanic for ten years. E. Cory and Dany own a vacuum cleaner store. Cory knows everything possible about store operations. Dany is wealthy and can provide investment capital.