The use of concept tests during the idea screening stage of the new-product development process reduces the efficiency of screening
Indicate whether the statement is true or false
a. True
b. False
ANSWER: False
Concept tests are often used in the idea screening stage to rate concept (or product) alternatives. They are considered fairly good predictors of success for line extensions.
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According to PRIZM, the ________ cluster is characterized as being in their late forties and fifties, college-educated, upper-middle-class homeowners that married late, and are still raising children in comfortable suburban subdivisions and pursuing
kid-centered lifestyles. A) cosmopolitans B) beltway boomers C) young digerati D) winner's circle E) old milltowns
Which of the following is an approach used to determine posting material?
a. Dual approach. b. Percentage approach. c. Qualitative approach. d. Planning approach.
The proxy is the solicitation sent to stockholders for the election of directors and for the approval of other corporation actions
Indicate whether the statement is true or false
Carolina Company uses the perpetual LIFO method for valuing its ending inventory. The following financial statement information is available for its first year of operation:Carolina CompanyIncome StatementFor the year ended December 31Sales$60,000Cost of goods sold 23,000Gross profit$37,000Expenses 13,000Income before taxes$24,000Carolina's ending inventory using the perpetual LIFO method was $8,700. Carolina's accountant determined that had the company used perpetual FIFO, the ending inventory would have been $9,100.a. Determine what the income before taxes would have been, had Carolina used the FIFO method of inventory valuation instead of LIFO.b. What would be the difference in income taxes between LIFO and FIFO, assuming a 30% tax rate?c. If Carolina wanted to lower the
amount of income taxes to be paid, which method would it choose? What will be an ideal response?