In a general sense, anyone who affects or is affected by decisions made within a firm can be called a business ________.
A. insider
B. stakeholder
C. analyst
D. nominee
Answer: B
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A marketing program refers to
A. a plan that integrates the marketing mix to provide a good, service, or idea to prospective buyers. B. the specific ratio within a marketing budget that divides resources between advertising, promotions, and personal selling. C. the selection of product benefits and attributes that are added to or subtracted from a given product to create variations within a product line. D. the marketing manager's controllable factors - product, price, promotion, and place - that can be used to solve a marketing problem. E. the allocation of resources within a firm towards individual marketing mix elements.
All of the following are good examples of dependent variables EXCEPT:
A) sales. B) consumers. C) profits. D) market shares. E) C and D
Answer the following statements true (T) or false (F)
1. When a business sells a plant asset for book value, a gain or loss should be recorded. 2. When a plant asset is sold for less than its book value, a gain is recorded. 3. If a plant asset is sold for more than its book value, a loss is recorded. 4. On July 14, Jones Sporting Goods sold equipment that originally cost $50,000. After updating depreciation, the Accumulated Depreciation - Equipment had a normal balance of $44,000. The selling price of the equipment was $42,000. Jones will report a loss of $8,000.
Glew Corporation has provided the following information: Cost per UnitCost per PeriodDirect materials$6.00 Direct labor$3.35 Variable manufacturing overhead$1.75 Fixed manufacturing overhead $8,800Sales commissions$1.00 Variable administrative expense$0.40 Fixed selling and administrative expense $4,000For financial reporting purposes, the total amount of product costs incurred to make 4,000 units is closest to:
A. $53,200 B. $44,400 C. $8,800 D. $57,200