Government is one of the smallest groups (in sales volume) of customers in the United States.
Answer the following statement true (T) or false (F)
False
Government is the largest customer group in the United States. They account for about 30 percent of the U.S. gross domestic product.
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Inventory is a resource needed to transform ______ into ______.
a. products; services b. outputs; inputs c. inputs; outputs d. goods; products
Which of the following value chain activities is concerned with managing the organization,
including planning, finance, and legal affairs? A) operations B) procurement C) infrastructure D) human resource management
Fletcher Company collected the following data regarding production of one of its products. Compute the total direct materials cost variance. Direct materials standard (6 lbs. @ $2/lb.)$12 per finished unitActual direct materials used 243,000 lbs.Actual finished units produced 40,000 unitsActual cost of direct materials used$483,570
A. $3,570 unfavorable. B. $6,000 favorable. C. $6,000 unfavorable. D. $3,570 favorable. E. $2,430 favorable.
For pitches in front of investors, or application to incubators, or pitch competitions, what questions should you expect to be asked about your growth and growth potential?
What will be an ideal response?