Interactive survey approaches are those that allow spontaneous two-way interaction between the interviewer and the respondent.
Answer the following statement true (T) or false (F)
True
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All of the following statements are true regarding ratios and forecasts except:
a. Ratios cannot confirm whether forecast assumptions will turn out to be correct. b. Ratios can tell whether future sales growth was accurately captured. c. Ratios cannot tell whether assumptions about future cash flows are realistic. d. Ratios can tell whether growth rates for sales are consistent with past sales growth performance.
Which vertical marketing system is involved when one channel member performs all production and distribution functions?
a. fully integrated vertical marketing system b. partially integrated vertical marketing system c. independent vertical marketing system d. franchising
Osiris Corporation located a piece of vacant land, which it thought was a good investment for speculative purpose. Tommy Tolles, a director, approached the owner before Osiris Corporation's real estate agent did and bought the property
Tolles later resold the property for a profit. The corporation wants to take action against Tolles. What can it do? A) Nothing as that is the competitive, free enterprise system B) Remove Tolles from the board of directors C) Sue Tolles for the amount of any profit D) Prohibit Tolles from paying a dividend E) Both B and C
Piechocki Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During May, the company budgeted for 5,900 units, but its actual level of activity was 5,940 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for May:Data used in budgeting: Fixed element per monthVariable element per unitRevenue - $32.60 Direct labor$0 $3.90Direct materials 0 12.10Manufacturing overhead 33,400 1.80Selling and administrative expenses 28,300 0.40Total expenses$61,700 $18.20?Actual results for May: Revenue$200,564Direct labor$22,786Direct materials$73,824Manufacturing overhead$43,922Selling and administrative
expenses$31,896?The activity variance for direct labor in May would be closest to: A. $156 U B. $224 U C. $224 F D. $156 F