Which of the following justifications did marketing and advertising trade groups use to defend themselves against the American Psychological Association's (APA's) restrictions on advertising?
A. Products for children require more awareness than other commercial products.
B. Products for children are also commercial merchandise that requires advertising.
C. Children are less aware of their needs compared to adults.
D. Parents of younger children, rather than the children themselves, make purchase decisions.
E. Viewing such advertisements is a part of the consumer socialization process in children.
Answer: D
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Which of the following statements about strategy and strategic positioning is false?
A. Many customers with broad needs can be a source of strategic position. B. A company has to choose not only what strategy to follow but what strategy not to follow. C. Few customers with broad needs can be a source of strategic position. D. Strategy involves creating a "fit" among activities. E. Few customers with narrow needs can be a source of strategic position.
From whom should a CPA not accept a commission for recommending a product or service?
a. A tax client. b. An audit client. c. A financial-planning client. d. A management-services client. e. Any of the above.
Meenach Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hours. The company based its predetermined overhead rate for the current year on 80,000 direct labor-hours, total fixed manufacturing overhead cost of $160,000, and a variable manufacturing overhead rate of $2.30 per direct labor-hour. Recently Job X387 was completed and required 120 direct labor-hours.Required:Calculate the amount of overhead applied to Job X387.
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