A useful measure of inventory performance is called "dollar days." In which of the following areas are dollar days measurements not useful?
A. Project management
B. Marketing
C. Research and development
D. Purchasing
E. Manufacturing
Answer: C
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Operating expenses that are incurred for the benefit of the business as a whole and that cannot be traced directly to any specific department are known as nonallocated expenses
a. True b. False Indicate whether the statement is true or false
Suppose that a change in the expected inflation rate leads supply and demand to adjust so that the after-tax expected real interest rate is unchanged at 2.0 percent. The tax rate is 30 percent. Initially, the expected inflation rate is 3.0 percent. If the expected inflation rate rises from 3 percent to 6 percent, the nominal interest rate
A. rises by 3 percent. B. rises by 4.25 percent. C. falls by 4.25 percent. D. falls by 3 percent.
Hospitality organizations like to promote from within for all but which of the following reasons?
a. The internal candidate is a known quantity. b. Internal hiring leads to feelings of equity among present employees. c. The internal candidate has assimilated the organizational culture. d. Internal candidates tend to be service naturals.
The traditional use of the term _____ financial statements refers to projected financial statements based on some set of assumptions about the future. One set of assumptions might be that historical patterns (for example, growth rates or rates of return) will continue
a. what-if b. estimated c. planned d. pro forma e. future