Which of the following theorists is best known for arguing that an individual's relationship to the means of production determines his position in society?
A) Karl Marx
B) Max Weber
C) Horatio Alger
D) Thorstein Veblen
A
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On September 1 of the current year, Scots Company experienced a flood that destroyed the company's entire inventory. Because the company had not completed its month end reporting for August, it must estimate the amount of inventory lost using the gross profit method. At the beginning of August, the company reported beginning inventory of $215,450. Inventory purchased during August was $192,530. Sales for the month of August were $542,500. Assuming the company's typical gross profit ratio is 40%, estimate the amount of inventory destroyed in the flood.
A. $82,480 B. $109,980 C. $81,480 D. $134,520 E. $87,480
Which of the following is NOT one of the six basic factors to consider in the allocation of a salesperson's calls?
A. Number of accounts in the territory B. Compensation C. Frequency of customer sales calls D. Nonselling time E. Travel time
What are key components of the marketing strategy
What will be an ideal response?
A firm is considering whether to continue to buy a particular component or to make the component themselves. There is no fixed cost associated with buying the component, but each component costs $17 to purchase. If the firm makes the component, it will incur a fixed cost of $5,000, but will be able to produce each component for $10. Which decision below is correct?
a. Make if estimated demand is less than 714.3 units b. Buy if estimated demand is greater than 5,000 units c. Make if estimated demand is greater than 714.3 units d. Buy if estimated demand is greater than 714.3 units