The aging of the population, changes in ethnic composition, and effects of the baby boom are considered:
A. global changes.
B. macroeconomic changes.
C. sociocultural changes.
D. demographic changes.
Answer: D
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A mixed cost has:
A. both fixed and variable cost components. B. either fixed or variable cost components, but not both. C. only fixed cost components, both within and outside of the relevant range. D. only variable cost components, both within and outside of the relevant range.
Another term for earnings power is
a. nonrecurrent revenue. b. nonrecurrent gains. c. sustainable earnings. d. net change in equity.
Each unit of a product requires four components. The average number of components is 4.25 due to component failure. Purchasing higher quality components can reduce the average number of components to four per unit. The cost per component is $350. Calculate the reduction in failure costs per unit due to purchasing higher quality components
A) $43.75 B) $350 C) $175 D) $87.50 E) $372
________ refers to where a case is brought
A) Parley B) Res ipsa loquitur C) Venue D) Absolution