A product line is a group of product or service items that are closely related because they satisfy a class of needs, are used together, are sold to the same customer group, ________, or fall within a given price range.
A. are distributed through the same type of outlets
B. are made of similar components
C. made from the same formulations
D. have one SKU number
E. require high levels of R&D
Answer: A
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Which of the following statements is not true:
A. Accounts receivable are increased by billings to customers. B. Accounts receivable arise from credit sales. C. Accounts receivable are increased by customer payments. D. Accounts receivable are classified as assets. E. Accounts receivable are held by a seller.
Many salespeople schedule routing by using the 80/20 rule, meaning:
A) 80 percent of their time on calls from the office and 20 percent on face-to-face calls B) 80 percent of their time on face-to-face calls and 20 percent on calls from the office C) 80 percent of their time on larger accounts and 20 percent on less profitable accounts D) 80 percent of their time on calls and 20 percent on prospecting E) 80 percent of their time on sales activities and 20 percent on paperwork
Aurora Corporation produces outdoor security lighting products. All products go through three processes before completion. Use the expected overhead costs and related data shown below to compute departmental overhead rates based on machine hours in Department A1A; based on direct labor hours in Department B2B; and machine hours in Department C3C. Department A1ADepartment B2BDepartment C3CDirect labor hours 90,000DLH 80,000DLH 72,000DLHMachine hours 54,000MH 32,000MH 54,000MHManufacturing overhead costs$540,000 $160,000 $216,000
A. Dept. A: $10 per MH; Dept B: $5 per DLH; Dept C: $4 per MH. B. Dept. A: $10 per MH; Dept B: $2 per DLH; Dept C: $3 per MH. C. Dept. A: $10 per MH; Dept B: $2 per DLH; Dept C: $4 per MH. D. Dept. A: $6 per MH; Dept B: $5 per DLH; Dept C: $4 per MH. E. Dept. A: $6 per MH; Dept B: $5 per DLH; Dept C: $3 per MH.
The Insider Trading Sanctions Act passed in 1984 allows the SEC to impose a fine of up to three
times the amount of illegal profits gained from insider trading. Indicate whether the statement is true or false