The harvest or exit strategies set out in a business's plan is important not only to the entrepreneur but also to ________.

A. consumers
B. the IRS
C. investors
D. employees


Answer: C

Business

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________ segmentation divides the market into segments based on variables such as age, life-cycle stage, gender, income, occupation, education, religion, ethnicity, and generation

A) Geographic B) Benefit C) Occasion D) Psychographic E) Demographic

Business

Pattern Corporation uses the FIFO method in its process costing. The following data pertain to its Cutting Department for August.    Percent Complete UnitsMaterialsConversionWork-in-process, August 1 500  50% 45%Units started into production during August 8,100       Units completed during August and transferred to the next department 7,200       Work-in-process, August 31 1,400  75% 30%Required:Compute the equivalent units of production for both materials and conversion costs for the Cutting Department for August using the FIFO method.

What will be an ideal response?

Business

Information systems provide managers with a means for monitoring all of the following EXCEPT

A. the results that flow from the actions of subordinates. B. weekly operating statistics. C. employees with over-the-shoulder supervision. D. the performance of empowered workers. E. daily operating statistics.

Business

Meeting competition and nonprice competition are both status quo objectives

Answer the following statement true (T) or false (F)

Business