Technological advances are generally credited with decreasing costs, improving capabilities, and improving quality in business
Indicate whether the statement is true or false
True
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What are examples of performance tests?
What will be an ideal response?
The growth stage is typically the longest one in the product life cycle
Indicate whether the statement is true or false
Lionaire, Inc. has developed the following standard cost data based on 60,000 direct labor hours, which is 75% of capacity.?Per UnitDirect materials (6 lbs. @ $2.00/lb.)$12.00Direct labor (1 hrs. @ $8.00/hr.)8.00During the last period, the company operated at 80% of capacity and produced 128,000 units. Actual costs were:Direct materials (760,000 lbs.)$1,558,000Direct labor (126,000 hrs.)1,014,300Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.Direct materials:? Price variance Quantity variance ? Direct labor:? Rate variance Efficiency variance
What will be an ideal response?
The vice president of marketing of a software development company periodically develops a(n) ________, which includes marketing research data on the target market, marketing objectives such as "to increase new customers by 20 percent," and a list of who will be responsible for implementation.
A. marketing plan B. strategic plan C. marketing mix D. pricing strategy E. action plan