Ethics is sometimes referred to as the science of ________
A) managers
B) attorneys
C) morality
D) consultants
E) none of the above
C
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If the cost for a 4-color print ad is $150,000 and the magazine has 3,000,000 readers, the CPM would be:
A) $50.00 B) $500.00 C) $20.00 D) cannot be determined from the information given
During March, Department A started 300,000 units of product in a particular production process. The beginning work in process inventory was 50,000 units, and the ending inventory was 40,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. The number of equivalent units produced with respect to conversion costs was a. 296,000. b. 306,000. c. 336,000. d. 316,000.
A particular firm added three new products earlier this year to increase variety for customers. Two of the products failed to reach the minimal sales quota. Which of the following is LEAST likely to have been the cause of their failure?
A) The products were priced too high. B) The products were advertised incorrectly. C) Competitors fought back harder than expected. D) Product research was too extensive. E) The product development costs were high.
By providing trade allowances and discounts, manufacturers can eliminate inventories to make
room for a new product. Indicate whether the statement is true or false