Which of the following statements regarding goods is most accurate?
A. To market a good that contains visual attributes, you cannot use an auditory medium.
B. Some goods also have intangible attributes.
C. The aroma of chocolate chip cookies is considered an idea because it affects one's senses.
D. In order to be classified as a good, an item must appeal to all five senses.
E. Music is not considered a good because it only involves a single sense - hearing.
Answer: B
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One problem with using EPS as a measure of profitability is that it does not consider the amount of ____________________ or ____________________ required to generate a particular level of earnings
Fill in the blank(s) with correct word
For financial reporting to the IRS and other external users, manufacturing overhead costs are
a. deducted in the period that they are incurred. b. inventoried until the related products are sold. c. treated like period costs. d. inventoried until the related products have been completed.
Consider a work center with a demand rate of 15 parts per hour and using a container that can hold 15 parts. It is estimated that the container takes 90 minutes to cycle through the work cell. Assume a safety stock level of 20 percent. What is the value of K for this system?
a. 1 b. 2 c. 3 d. 4
Davis Corporation borrowed $50,000 on January 1, Year 1. The loan is for a 10-year period and has an annual interest rate of 9%. At the end of each year, Davis will make a payment of $7,791, which includes both principal and interest. The amount of the payment for Year 1 that is repayment of principal is $3,587.
Answer the following statement true (T) or false (F)