A manager of a company producing computer chips knows that in the early stages of production for a new product, the expenditures exceed receipts, whereas in the latter stages, the reverse is true. Give an explanation for this phenomenon
What will be an ideal response?
The learning curve theory states that the direct labor costs will exceed the average in the early stages of production, whereas the reverse is true in the latter stages. Pricing is often predicted on average costs.
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The elements of fraud include all of the following EXCEPT:
a. a material point is misrepresented. b. the misrepresentation is intentional. c. the misrepresentation is known to the victim. d. the victim must sustain damages.
Which of the following is the most difficult ethical challenge to managers in today's business climate?
A) not being able to hire new employees B) having to fire employees who are not productive C) having to downsize and let go of employees who are hardworking and productive D) increasing the amount that employees pay for healthcare
Which of the following statements is true about secular ethics?
A. It discourages preservation of life. B. It rejects the importance of the Golden Rule. C. It suggests that reality, truth, and goodness depend on the existence of a god. D. It is based on a scientific understanding of the world.
Your listener is most likely to remember the ____.
A. first parts of your message B. last parts of your message C. both a. and b. D. neither a. nor b.