What type of event would cause two separate journal entries to be made?
A) Selling the good
B) Transferring the good to Finished Goods
C) Purchasing Raw Materials
D) All of these
E) None of these
A
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Currently for multinational companies, foreign production accounts for more than _______________ percent of their domestic production given them a great stake in the international scene.
a. 25% b. 15% c. 40% d. 10%
Which of these statements regarding manufacturing and service firms is true?
A. B2B e-commerce purchasing is common for both manufacturing and service firms. B. Unlike service firms, manufacturers tend to locate where they can be closest to their customers. C. Manufacturers are more spread out around the country than service firms. D. The U.S. has many more manufacturing firms than service firms. E. Unlike manufacturing firms, service firms rely on engineering and R&D people to help make purchase decisions.
A watchmaking company has priced one of its wristwatches at $210. Most of its competitors sell similar watches at $180. Selling anything less than $150 would result in a loss for the company. However, the absolute maximum a customer is willing to pay for it is $170. In this scenario, what is the reservation price of the wristwatch?
A. $210 B. $170 C. $180 D. $150
Which of the following statements about service standardization and employee empowerment is true?
A. For every service standardized, some degree of employee empowerment is always eliminated B. There is no overlapping relationship between service standardization and employee empowerment C. Any service standardization makes employee empowerment impossible D. The use of service standardization is compatible with employee empowerment E. Service standardization is not necessary when the organization empowers its employees