Use the information in Scenario 9.12. What reorder point should the firm use for this product?
A) greater than 4,500 units
B) greater than 3,500 units but less than or equal to 4,500 units
C) greater than 2,500 units but less than or equal to 3,500 units
D) greater than 1,500 units but less than or equal to 2,500 units
E) greater than 0 but less than or equal to 1,500 units
A
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Which of the following statements correctly identifies a disadvantage of fiat money?
A. It is very expensive to manufacture. B. It cannot be used for international transactions. C. It is possible to create counterfeit fiat money. D. It can be created only in the private sector.
Generally, consumer goods are either ________ or ________
A) convenience products; staples B) durable goods; nondurable goods C) industrial products; packaged goods D) shopping products; impulse products E) shopping products; convenience products
Clearwater Hampers is a small British company that sells luxury food and drinks in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where present-buying is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business as well as are a number of department stores. Clearwater has had several orders for more than a quarter of a million dollars and prides itself on how much repeat business it does. The company's leading salesperson, Peter Austin, is placed in charge of an important territory divided on the basis of geography and sales potential. He classifies his customers according to the size of their average orders.The product handled by Austin has an average gross profit percentage of
25%. Austin's annual salary and expenses total $200,000. Austin works 8 hours a day, 5 days a week, and 40 weeks in a year. What is Austin's break-even volume per hour? A. $500.00 B. $265.00 C. $100.00 D. $150.00
A trust created by will and effective after the death of a testator is called a(n):
a. charitable trust. b. cy pres trust. c. inter vivos trust. d. testamentary trust.