Many companies choose to end their fiscal years during a part of the year when they expect low activity.

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


True

This is true. Companies whose business is highly seasonal often choose "slow" periods to end their fiscal year.

Business

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Morris Inc manufactures two products: Widgets and Gizmos. Widgets have a contribution margin per unit of $30 and require 2 hours of direct labor while Gizmos have a contribution margin per unit of $39 and require 3 hours of direct labor. A. In the

short-run, how should the company choose which product to produce or sell first if direct labor hours are a constraint? B. Assuming there is sufficient demand for each of these products, which of the above products should the company maximize production of first? Show calculations to support your answer.

Business

The probability of the occurrence of event A in an experiment is 1/3 . If the experiment is performed 2 times and event A did not occur, then on the third trial event A

a. must occur b. may occur c. could not occur d. has a 2/3 probability of occurring

Business

What null hypothesis can be tested using this information?

What will be an ideal response?

Business

Managers often use two special indexes to help identify strong and weak market segments in order to provide direction for marketing efforts. The two indexes focus on ________.

A. dollar market share and unit market share B. sales per square foot and same-store sales growth C. monthly dollar sales by channel and monthly number of units sold by channel D. marketing efficiency and production efficiency E. category development and brand development

Business