Scanner data have an obvious disadvantage over surveys and purchase panels, because they reflect purchasing behavior that is not subject to interviewing, recording, memory, or expert biases
Indicate whether the statement is true or false
FALSE
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A six-year operating lease requires annual rent payments of $15,000 for years 1, 2, and 3, and annual rent payments of $10,000 for years 4, 5, and 6. The agreement also requires the lessor to pay a $2,800 annual insurance premium for the leased property. Which of the following amounts should be recognized as the rental revenue in year 1 by the lessor?
A) $10,000 B) $13,500 C) $15,000 D) $16,800
On the income statement, Freight-In is:
a. deducted from net sales. b. added to net sales. c. deducted from net purchases. d. added to net purchases.
Mr. Davidson, who owns 17 percent of his company's shares, is displeased with the six incumbent directors of the corporation
He proposes a slate of directors consisting of five other persons and himself to become members of the board of directors of the corporation and replace the incumbent directors. In the proxy contest, Mr. Davidson manages to acquire proxies from shareholders who control only 35 percent of the company's shares. Which of the following is true in this context? A) The shareholders who voted for Mr. Davidson's slate of directors will constitute 35 percent of the new board of directors. B) The incumbent directors will continue to form the board of directors. C) The proxy contest did not establish a clear majority, so another proxy contest must be held. D) The slate of directors proposed by Mr. Davidson will form the new board of directors.
Explain why it is desirable for a firm to have manufacturing flexibility. Give at least one example (from the textbook or elsewhere) of a firm relying on its flexibility.
What will be an ideal response?