The utility created by making a product available at a location where customers wish to purchase it is called ____ utility.
A. form
B. time
C. production
D. place
E. possession
Answer: D
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Which budgeting method entails defining specific promotion goals, determining the necessary tasks, and estimating the costs to determine a promotion budget?
A) percentage-of-sales method B) objective-and-task method C) affordable method D) exponential task method E) competitive-parity method
Which of the following does not describe structured data?
A. A defined format. B. A defined length. C. Emails, twitter tweets, and text messages. D. Stored in a relational database or spreadsheet.
Great Outdoors Company makes two types of camping tents. Making a standard camping tent requires 4 hours of labor while making a deluxe camping tent requires 10 hours of labor. During the most recent accounting period the company made 2,000 standard camping tents and 500 deluxe camping tents. Indirect manufacturing costs amounted to $52,000 and are allocated based on labor hours. Based on this information:
A. $20.80 of overhead cost should be allocated to each camping tent regardless of the type of tent made. B. $4 of overhead cost should be allocated to each camping tent regardless of the type of tent made. C. $16 of overhead cost should be assigned to each standard camping tent and $40 of overhead cost should be assigned to each deluxe tent. D. None of the answers are correct.
The specific cost of each source of long-term financing is based on ________ and ________ costs
A) before-tax; historical B) after-tax; historical C) before-tax; book value D) after-tax; current