A form of pricing high, this strategy is used for new products that have no competition
a. customer-led
b. competition-led
c. skimming
d. loss-leader
c. skimming
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The use of acquisition cost as a valuation method is justified on the basis that acquisition cost is:
a. timely b. relevant c. subjective d. objective
When determining which activity to crash, there are other factors that should be assessed beyond cost. Which of the following is NOT one of these factors?
A. The inherent risk associated with the activity B. The level of difficulty involved in completing the activity C. Resource availability after crashing that activity D. How crashing will impact the morale and motivation of the individuals working on that activity E. When during the project the activity will occur
Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct labor requirement per unit is 0.50 hours. Labor is paid at the rate of $21 per hour. The total cost of direct labor budgeted for the month of August is:
A. $82,950. B. $3,950. C. $4,050. D. $85,050. E. $168,000.
If a limited liability company (LLC) is taxed like a partnership, _____.?
A. ?income passes through to the owners B. ?income is taxed twice C. ?the owners have unlimited tax liability D. ?the shareholders pay tax on dividends received by them E. ?dividends are taxed on capital gain rate