Econ Company produces widgets. Each widget sells for $120, and the company sells approximately 50,000 widgets each year. Unit cost data for the year follows: The unit cost of widgets for direct cost inventory purposes is:
a. $75
b. $45
c. $89
d. $70
d
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Suppose you are an HR manager who is conducting orientation for a group of new hires in the accounting department. All of the new hires will be working with accounts receivable. When the orientation is complete, which three pieces of information should all of the new hires have?
What will be an ideal response?
Revenue (or yield) management is best described as:
A) a situation where management yields to labor demands. B) a situation where the labor union yields to management demands. C) a process designed to increase the rate of output. D) allocation of scarce resources to customers at prices that will maximize revenue. E) management's selection of a product mix yielding maximum profits.
Hardie Siding ProductsJames Hardie began selling fiber cement siding products in the United States in 1989 to leading builders, lumberyards, and home improvement centers. Even though ads guaranteed the product would not rot or crack for 50 years, many builders hated the product. It was heavy to install, and it showed every flaw in a bad framing job. In 1997, Hardie decided to run ads in traditional lifestyle magazines and emphasize the emotional appeal of houses made with strong, weather-resistant materials. Soon consumers began asking their builders or remodelers to use the product. Trade ads were used to explain how builders could take advantage of the interest created by the ads in lifestyle magazines. By 2000, the Hardieplank was the number one brand siding in North America. James
Hardie is now the third most recognized brand of building material in the world.Refer to Hardie Siding Products. Since all of the siding products sold by Hardie are sold under the Hardie brand name, it is clear that the company uses a _____ strategy. A. family branding B. private branding C. business branding D. cobranding E. repositioning
Another thing the project manager can do is identify situations in which less experienced people can learn from more experienced people
a. True b. False Indicate whether the statement is true or false