Which of the following is an assumption of cost-volume-profit analysis?
a. Selling price/unit is constant.
b. The sales mix is constant.
c. Fixed costs/unit are constant.
d. Both a and b answers are correct.
e. All of the answers are correct.
d
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Defining and adhering to an organizational mission, evaluating ownership and management alternatives, and outlining the goods/service category to be sold are parts of which element of retail strategy?
a. store operations b. situation analysis c. identification of consumer characteristics d. objectives determination
Project risk is calculated by ______.
a. historical experience with projects succeeding or not succeeding b. the subjective judgment of the project manager c. multiplying the likelihood of event happening with consequences of event d. dividing the likelihood of event happening with consequences of event
A company's CEO does not play a significant role in instilling a sense of ethics throughout the organization
a. True b. False Indicate whether the statement is true or false
In CASE 8.2 MacNeil Automotive Products, Ltd. v. Cannon Automotive, Ltd. (2010), MacNeil subcontracted with Canon Automotive to provide floor mats on automobiles. MacNeil claimed the mats were defective and breached the express warranty. The main question before the court was whether:
a. the sales talk constituted an implied warranty for fitness of purpose. b. the sales talk constituted an implied warranty of merchantability. c. the sales talk was puffery or an express warranty. d. the sales talk properly disclaimed all express warranties.