Answer the following statement(s) true (T) or false (F)
1. Convenience goods would normally be distributed through Channel A, the direct channel.
2. Industrial products tend to use much shorter channels than consumer products.
3. A vegetable grower who owns the land to grow vegetables, the seed company from which the seeds are processed, the fertilizer company, the trucking company that transports the vegetables to be sold, and the stores that retail the vegetables is practicing vertical integration.
4. Vertical marketing systems have become less popular in recent years due to globalization.
5. In a corporate VMS (vertical marketing system) channel organizations remain independent but one member dominates the others.
1. FALSE
2. TRUE
3. TRUE
4. FALSE
5. FALSE
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In terms of ethical frameworks for reasoning, individualism involves making decisions based on the belief that each person has fundamental rights that should be respected and protected
Indicate whether the statement is true or false
The total amount of simple interest calculated annually on a $4,000 note payable in 5 years at 9% is:
a. $1,800.00 b. $1,411.20 c. $2,154.60 d. $554.04
An organization's choices about ________ are limited by its response to the economic forces of product markets and labor markets.
A. pay ranges B. pay differentials C. pay rates D. pay grades E. pay structure
The following data have been provided by Liggett Corporation: Budgeted production 7,400unitsStandard machine-hours per unit 6.6machine-hoursStandard lubricants rate$3.50per machine-hourStandard supplies rate$2.00per machine-hour Actual production 7,600unitsActual machine-hours (total) 49,840machine-hoursActual lubricants cost (total)$179,821 Actual supplies cost (total)$98,933 Lubricants and supplies are both elements of variable manufacturing overhead.The variable overhead rate variance for supplies is closest to:
A. $1,387 F B. $1,387 U C. $747 F D. $640 F