Goods and services provided by internal service funds to other departments of the government are typically priced to:
A. Cover full costs (both fixed and variable).
B. Cover full costs, plus an additional charge to ensure a reasonable profit.
C. Cover variable costs only.
D. Cover full costs, plus an additional charge to capital maintenance and anticipated expansion needs.
Answer: D
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Which of the following statements best defines a surety?
A. A person who is not liable for the payment of a principal's debts B. A person who is not entitled to be reimbursed by the principal C. A person who makes a separate promise to be liable for the payment of a principal's debts D. A person who is liable for the performance of another person's duty
Dont you think that we should review Gary and Howards report on the firms overseas marketing campaign before making any further commitment
What will be an ideal response?
As compared to larger competitors, smaller firms benefit from lower unit costs, which they achieve with lower sales volumes.
Answer the following statement true (T) or false (F)
Products such as Swiss watches, Japanese automobiles, and French wine are automatically assumed to be superior to similar products from other countries because
A. they appeal to a market segment with universally similar tastes, interests, needs, and values. B. they lend themselves to visual and image advertising. C. they are perceived as high-quality products owing to their high prices. D. of the halo effect. E. of the country-of-origin effect.