Question 1

Which of the following is not a factor when using &#34;Target Pricing&#34;?&#10;A)Determining the price based on consumer surveys&#10;B)Determine the markup necessary to get a satisfactory return to stockholders&#10;C)Determining the price of competitors so our price will be lower&#10;D)Determine the target cost and see if product can be produced for that amount.

Accepted Answer

Using competitors' prices to determine the price of your product is not a factor in Target Pricing. Target Pricing involves determining the target cost of producing a product, based on factors such as production costs, desired profit margin, and customer demand, and then setting the price accordingly. It does not take into account the prices of competitors.

Question 2

Which of the following best describes the competitive environment for Sony high definition TVs?&#10;A)monopolistic competition&#10;B)pure competition&#10;C)free competition&#10;D)monopoly

Accepted Answer

Sony high definition TVs are one of many brands of high definition TVs available in the market. While there are significant differences between each brand's products, there are enough substitutes that consumers have options. This kind of situation generally falls under monopolistic competition.

Question 3

The pricing strategy where a company initially sets the price of its product low and then raises it later on in the product's life cycle is called:&#10;A)price skimming&#10;B)target pricing&#10;C)life-cycle pricing&#10;D)penetration pricing

Accepted Answer

Penetration pricing is the pricing strategy where a company sets a low price initially to penetrate the market and gain customers. Once the product gains popularity, the company raises the price. This strategy is usually applied when a company enters a new market or introduces a new product. Therefore, option D is the correct answer. Option A (price skimming) is the opposite of this strategy, where a company sets a high price initially and then lowers it gradually. Option B (target pricing) is a method of determining the selling price of a product based on the desired profit margin. Option C (life-cycle pricing) is the practice of adjusting the price of a product at different stages of its life cycle.

Question 4

The type of environment where a large number of sellers produce and distribute virtually identical products and services is referred to as:&#10;A)Monopolistic competition&#10;B)Oligopolistic competition&#10;C)Price competition&#10;D)Pure competition

Accepted Answer

Pure competition is the type of environment where a large number of sellers produce and distribute virtually identical products and services. The term "pure" implies that there are no barriers to entry or exit, and all firms have equal access to resources and technology. In a pure competition environment, prices are determined solely by the market forces of supply and demand, and no single firm has the power to influence the price.

Question 5

Which of the following is not one of the perspectives that compose the balanced scorecard approach?&#10;A)financial&#10;B)internal processes&#10;C)learning and growth&#10;D)flexibility and efficiency

Accepted Answer

The four perspectives that compose the balanced scorecard approach are financial, internal processes, learning and growth, and customer. "Flexibility and efficiency" is not one of the perspectives.

Question 6

In general,which of the following is true about the pricing of products?&#10;A)When supply increases prices increase&#10;B)When demand decreases prices increase&#10;C)When supply decreases prices increase&#10;D)When demand increases prices increase

Accepted Answer

The answer of In general,which of the following is true...

Question 7

Mobile phone providers that offer no or low cost phones when customers sign up for service is an example of which pricing strategy?&#10;A)penetration pricing&#10;B)pioneer price&#10;C)life-cycle pricing&#10;D)price skimming

Accepted Answer

The answer of Mobile phone providers that offer no or...

Question 8

The four primary influences on selling price are:&#10;A)product,variable costs,fixed costs,and mixed costs&#10;B)customers,competition,legal and social issues,and costs&#10;C)competition,variable costs,fixed costs,and mixed costs&#10;D)legal constraints,government regulations,costs and customers

Accepted Answer

The answer of The four primary influences on selling price...

Question 9

If a product has a cost of the $250 and a selling price of $450,what is the products markup percentage?&#10;A)200%&#10;B)80%&#10;C)44.4%&#10;D)Not enough information to calculate

Accepted Answer

The answer of If a product has a cost of...

Question 10

Which of the following best describes the competitive environment for Microsoft Windows?&#10;A)monopolistic competition&#10;B)pure competition&#10;C)oligopoly&#10;D)monopoly

Accepted Answer

The answer of Which of the following best describes the...

Question 11

Life-cycle pricing:&#10;A)attempts to establish a price that can be maintained throughout the life of the product&#10;B)sets the price high to begin with and then lowers it later on in the life of the product&#10;C)sets the price low to begin with and then raises it later on in the life of the product&#10;D)is the same as target pricing

Accepted Answer

The answer of Life-cycle pricing:&#10;A)attempts to establish a price that...

Question 12

Model bakers have developed a snack cake that it wants to compete with Hostess Twinkies and has set their introductory price 10 cents below the price of a Twinkie.This
Is an example of which of the following?

A)Penetrating pricing
B)Skimming pricing
C)Life-cycle pricing
D)Competitive cycle pricing

Accepted Answer

The answer of Model bakers have developed a snack cake...

Question 13

If a product has a cost of $160 and a markup percentage of 60 % what is the selling margin of the product?&#10;A)$256&#10;B)$160&#10;C)$96&#10;D)Not enough information to calculate

Accepted Answer

The answer of If a product has a cost of...

Question 14

Which of the following business are considered part of monopolistic competition?&#10;A)Power Company&#10;B)Athletic Shoe Company&#10;C)Oil Company&#10;D)Fruit Farmer&#10;

Accepted Answer

The answer of Which of the following business are considered...

Question 15

When the iPhon was introduced its price was set by which of the following?&#10;A)Bonus pricing&#10;B)Life-cycle pricing&#10;C)Penetrating pricing&#10;D)Skimming pricing

Accepted Answer

The answer of When the iPhon was introduced its price...

Question 16

Which of the following describes the practice of selling a product in other countries for a price less than the company's cost?&#10;A)Dumping&#10;B)Predatory Pricing&#10;C)Price Skimming&#10;D)Penetrating Pricing

Accepted Answer

The answer of Which of the following describes the practice...

Question 17

Which of the following business is considered part of an oligopoly?&#10;A)Automobile Manufacturers&#10;B)Oil Companies&#10;C)Wheat farmer&#10;D)Insurance Companies&#10;

Accepted Answer

The answer of Which of the following business is considered...

Question 18

Panascope manufactures high-definition TVs (HDTVs).It costs Panascope $1,500 to produce one HDTV.Panascope,planning to "make hay while the sun shines" has priced its HDTVs at $12,000.This is an example of which pricing strategy?

A)penetration pricing
B)life-cycle pricing
C)price skimming
D)pioneer price

Accepted Answer

The answer of Panascope manufactures high-definition TVs (HDTVs).It costs Panascope...

Question 19

The seller of a product is a price taker in which of the following environment?&#10;A)Monopolistic competition&#10;B)Pure Competition&#10;C)Monopoly&#10;D)Oligopoly

Accepted Answer

The answer of The seller of a product is a...

Question 20

Which of the following is not involved in Pure Competition&#10;A)Cotton farmer in Texas&#10;B)National Basketball Association franchise&#10;C)Starbucks&#10;D)Macy's

Accepted Answer

The answer of Which of the following is not involved...

Question 21

Which of the following is not a factor in the EOQ inventory model?&#10;A)Annual demand for the inventory in units&#10;B)Cost to place one additional order&#10;C)Cost to carry one additional unit in inventory&#10;D)All of the following are factors in the EOQ model.

Accepted Answer

The answer of Which of the following is not a...

Question 22

Which of the following is not withheld from the employee's check?&#10;A)Federal Unemployment Tax&#10;B)Federal Income Tax&#10;C)Social Security&#10;D)Union dues

Accepted Answer

The answer of Which of the following is not withheld...

Question 23

A compensation method whereby employees are paid according to the amount they sell in a given time-period is known as:&#10;A)commission-based compensation&#10;B)piece-rate compensation&#10;C)deferred compensation&#10;D)bonus compensation

Accepted Answer

The answer of A compensation method whereby employees are paid...

Question 24

Which of the following is not a key feature of a JIT inventory system?&#10;A)Quality and reliable suppliers&#10;B)Adequate safety stock&#10;C)Well-trained employees&#10;D)Customer demand pulls the system

Accepted Answer

The answer of Which of the following is not a...

Question 25

Which of the following is not withheld from the employee's check?&#10;A)Union Dues&#10;B)Federal Income Tax&#10;C)Social Security&#10;D)All of the above are withheld

Accepted Answer

The answer of Which of the following is not withheld...

Question 26

A compensation method under which a company pays employees according to the number of items they produce during a given time-period is known as:&#10;A)piece-rate pay&#10;B)deferred pay&#10;C)contract pay&#10;D)bonus pay

Accepted Answer

The answer of A compensation method under which a company...

Question 27

Which of the following is a feature of a JIT inventory system?&#10;A)Sufficient inventory on hand to meet unexpected demand.&#10;B)Plan to sell slightly defective products to meet demand of bargain hunting&#10;Consumers.&#10;C)Amount of production based on pull of consumer demand.&#10;D)Plan to keep assembly line moving at all cost.

Accepted Answer

The answer of Which of the following is a feature...

Question 28

Which of the following statements is false?&#10;A)JIT is a pull system.&#10;B)JIT is a short-run model.&#10;C)The JIT philosophy is based on continuous improvement.&#10;D)JIT requires a company to have strong relationships with its suppliers.

Accepted Answer

The answer of Which of the following statements is false?&#10;A)JIT...

Question 29

How are defective products identified in a JIT inventory system?&#10;A)Defective inventory is stacked in a particular location.&#10;B)Defective inventory is color coded&#10;C)Defective inventory marked down for consumers&#10;D)The production line is stopped and only started when the problem causing the defective product is identified.

Accepted Answer

The answer of How are defective products identified in a...

Question 30

Which of the following companies would not be a good candidate for a JIT system?&#10;A)Ford Motor Company&#10;B)The GAP&#10;C)A company that manufactures yachts&#10;D)Dell computers

Accepted Answer

The answer of Which of the following companies would not...

Question 31

Which of the following is withheld from an employee's pay and also paid by the employer?&#10;A)Income tax&#10;B)Union dues&#10;C)Vacation Pay&#10;D)Social Security

Accepted Answer

The answer of Which of the following is withheld from...

Question 32

Which of the following statements is false?&#10;A)JIT is a pull system.&#10;B)The JIT philosophy is based on continuous improvement.&#10;C)JIT requires a company to have strong relationships with its suppliers.&#10;D)All of the above are true.

Accepted Answer

The answer of Which of the following statements is false?&#10;A)JIT...

Question 33

Which of the following is not a factor in the EOQ inventory model?&#10;A)Annual demand for the inventory in units&#10;B)Cost of the inventory item&#10;C)Cost to place one additional order&#10;D)Cost to carry one additional unit in inventory

Accepted Answer

The answer of Which of the following is not a...

Question 34

West Coast Creamery's economic order quantity is 300 units.Demand for the year is 41,975 units.There are seven days between the time an order is placed and the day it is received.West Coast operates 365 days per year.The reorder point is:

A)268 units
B)805 units
C)2,683 units
D)2,905 units

Accepted Answer

The answer of West Coast Creamery's economic order quantity is...

Question 35

Which of the following describes the practice of setting the price of a product at less than cost to take over a market and then to raise the price?&#10;A)Dumping&#10;B)Price Skimming&#10;C)Penetrating Pricing&#10;D)Predatory Pricing

Accepted Answer

The answer of Which of the following describes the practice...

Question 36

Capital Industries' president receives a bonus equal to 6% of net income.This bonus is included in the determination of net income.If the company's income before bonus was $3,800,000,the amount of the bonus is:

A)$215,094
B)$228,000
C)$242,553
D)cannot be determined from the information given

Accepted Answer

The answer of Capital Industries' president receives a bonus equal...

Question 37

Lockwood International's president receives a bonus equal to 7% of net income.This bonus is included in the determination of net income.If the company's income before the bonus was $4,500,000,the amount of the bonus is:

A)$294,393
B)$315,000
C)$338,710
D)cannot be determined from the information given

Accepted Answer

The answer of Lockwood International's president receives a bonus equal...

Question 38

A reorder point in a Kanban system is identified by a:&#10;A)A card&#10;B)A color coded inventory item&#10;C)A predetermined date&#10;D)A pokemon

Accepted Answer

The answer of A reorder point in a Kanban system...

Question 39

Safety stock is kept in order to:&#10;A)Guard against defective products.&#10;B)Prevent losses created by a stockout&#10;C)Prevent people from being injured by dangerous inventory&#10;D)Help identify the reorder point

Accepted Answer

The answer of Safety stock is kept in order to:&#10;A)Guard...

Question 40

Lead time in an inventory system is:&#10;A)The time it takes to sell inventory&#10;B)The time it takes to move raw materials inventory from the warehouse to the manufacturing facility&#10;C)The time between placing an order for inventory and the when the inventory is received&#10;D)The time it takes to manufacture a product plus the time it takes to ship the product to the customer.

Accepted Answer

The answer of Lead time in an inventory system is:&#10;A)The...

Question 41

Match between columns&#10;                        Premises: The reduction in price a firm receives when it places a large order.&#10;The reduction in price a firm receives when it places a large order.&#10;The reduction in price a firm receives when it places a large order.&#10;The reduction in price a firm receives when it places a large order.&#10;The reduction in price a firm receives when it places a large order.&#10;The reduction in price a firm receives when it places a large order.&#10;The reduction in price a firm receives when it places a large order.&#10;The time between when an order is placed and when the inventory is received.&#10;The time between when an order is placed and when the inventory is received.&#10;The time between when an order is placed and when the inventory is received.&#10;The time between when an order is placed and when the inventory is received.&#10;The time between when an order is placed and when the inventory is received.&#10;The time between when an order is placed and when the inventory is received.&#10;The time between when an order is placed and when the inventory is received.&#10;The amount of inventory to meet daily needs.&#10;The amount of inventory to meet daily needs.&#10;The amount of inventory to meet daily needs.&#10;The amount of inventory to meet daily needs.&#10;The amount of inventory to meet daily needs.&#10;The amount of inventory to meet daily needs.&#10;The amount of inventory to meet daily needs.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;An inventory system that uses cards to identify when more inventory is needed.&#10;Inventory level when order for more inventory is made.&#10;Inventory level when order for more inventory is made.&#10;Inventory level when order for more inventory is made.&#10;Inventory level when order for more inventory is made.&#10;Inventory level when order for more inventory is made.&#10;Inventory level when order for more inventory is made.&#10;Inventory level when order for more inventory is made.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;The opportunity cost of not having inventory on hand when it is needed.&#10;Inventory held to prevent a stockout&#10;Inventory held to prevent a stockout&#10;Inventory held to prevent a stockout&#10;Inventory held to prevent a stockout&#10;Inventory held to prevent a stockout&#10;Inventory held to prevent a stockout&#10;Inventory held to prevent a stockout

Accepted Answer

The Answer of Reorder point and Daily Demand and Safety is...

Question 42

What is the distinction between penetrating and predatory pricing?

Accepted Answer

The answer of What is the distinction between penetrating and...

Question 43

Match between columns&#10;                        Premises: A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy where the company attempts to set a selling price that will cover the costs of the product over its life.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;A pricing strategy in which the company sets its initial selling price high in an attempt to appeal to those individuals who want to be the first to have the product and who are not concerned about price.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;When a group of companies agree to limit supply and charge identical prices.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;An additional amount over cost that is added to determine selling price.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;Selling price less cost.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;A pricing strategy where the company first determines the selling price of the product and then decides whether to enter the market.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;The practice of setting excessively high prices.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;Selling products below cost in a foreign market.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;The practice of selling products below cost in an attempt to drive out competition, control the market, and then raise prices.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.&#10;A pricing strategy where a company sets its initial selling price low in an attempt to gain a share of the market from competitors.

Accepted Answer

The Answer of Price fixing and Target Pricing and Price is...

Question 44

Match between columns&#10;                        Premises: Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on a fixed set of time.&#10;Payment for services rendered based on hours worked.&#10;Payment for services rendered based on hours worked.&#10;Payment for services rendered based on hours worked.&#10;Payment for services rendered based on hours worked.&#10;Payment for services rendered based on hours worked.&#10;Payment for services rendered based on hours worked.&#10;Payment for services rendered based on hours worked.&#10;The full amount an employee earns.&#10;The full amount an employee earns.&#10;The full amount an employee earns.&#10;The full amount an employee earns.&#10;The full amount an employee earns.&#10;The full amount an employee earns.&#10;The full amount an employee earns.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;Payment for services rendered based on a percentage of revenue generated.&#10;A fringe benefit based on the occurrence of some future event.&#10;A fringe benefit based on the occurrence of some future event.&#10;A fringe benefit based on the occurrence of some future event.&#10;A fringe benefit based on the occurrence of some future event.&#10;A fringe benefit based on the occurrence of some future event.&#10;A fringe benefit based on the occurrence of some future event.&#10;A fringe benefit based on the occurrence of some future event.&#10;The employees take-home pay.&#10;The employees take-home pay.&#10;The employees take-home pay.&#10;The employees take-home pay.&#10;The employees take-home pay.&#10;The employees take-home pay.&#10;The employees take-home pay.&#10;Payment for services rendered based on the number of items completed.&#10;Payment for services rendered based on the number of items completed.&#10;Payment for services rendered based on the number of items completed.&#10;Payment for services rendered based on the number of items completed.&#10;Payment for services rendered based on the number of items completed.&#10;Payment for services rendered based on the number of items completed.&#10;Payment for services rendered based on the number of items completed.

Accepted Answer

The Answer of Piece-rate Pay and Piece-rate Pay and Bonus is...

Question 45

Which of the following companies would be a good candidate for a JIT system?&#10;A)Grocery Store&#10;B)Macys&#10;C)Construction company&#10;D)Sporting Goods Store

Accepted Answer

The answer of Which of the following companies would be...

Question 46

Malsom Corp's monthly payroll is $100,000.If the FICA rate is 7.65% ,income tax is
withheld at a 15% rate,the State Unemployment (SUT
A)rate is 2.8% and the Federal
Unemployment (FUT

A)tax rate is .8%,how much is withheld from the workers' wages
and how much does Malsom have to pay in payroll taxes?

Accepted Answer

The answer of Malsom Corp's monthly payroll is $100,000.If the...

Question 47

Match between columns&#10;                        Premises: Cable Television in a smaller city&#10;Cable Television in a smaller city&#10;Cable Television in a smaller city&#10;Cable Television in a smaller city&#10;NFL Football Teams&#10;NFL Football Teams&#10;NFL Football Teams&#10;NFL Football Teams&#10;Soft Drink Companies&#10;Soft Drink Companies&#10;Soft Drink Companies&#10;Soft Drink Companies&#10;Corn farmer in Iowa&#10;Corn farmer in Iowa&#10;Corn farmer in Iowa&#10;Corn farmer in Iowa

Accepted Answer

The Answer of Monopoly and Pure competition and Monopoly and is...

Question 48

Barton Corporation generated the following income:

Jackson Barton,the president of Barton Corporation,wants to establish a bonus system.If the tax rate is 30%,what is President Barton's bonus under each of the three options below.
A.Bonus based on Income before Bonus and Taxes using a bonus rate of 6%.

Accepted Answer

The answer of Barton Corporation generated the following income:&#10; ...

Question 49

Match between columns&#10;                        Premises: Electric Utility in a particular region&#10;Electric Utility in a particular region&#10;Electric Utility in a particular region&#10;Electric Utility in a particular region&#10;Automobile Companies&#10;Automobile Companies&#10;Automobile Companies&#10;Automobile Companies&#10;Oil Companies&#10;Oil Companies&#10;Oil Companies&#10;Oil Companies&#10;Wheat farmer in Kansas&#10;Wheat farmer in Kansas&#10;Wheat farmer in Kansas&#10;Wheat farmer in Kansas

Accepted Answer

The Answer of Monopolistic competition and Oligopoly and Pure competition is...

Question 50

Duracraft Industries' president receives a bonus equal to 5% of income before taxes.This bonus is included in the determination of income before taxes.Assuming the company's income before consideration of the bonus and taxes was $28,350,000,determine the amount of the president's bonus.

Accepted Answer

The answer of Duracraft Industries' president receives a bonus equal...

Question 51

Zeigler Corp's monthly payroll is $200,000.If the FICA rate is 7.65% ,income tax is
withheld at a 15% rate,the State Unemployment (SUT
A)rate is 2.8% and the Federal
Unemployment (FUT

A)tax rate is .8%,how much is withheld from the workers' wages
and how much does Malsom have to pay in payroll taxes?

Accepted Answer

The answer of Zeigler Corp's monthly payroll is $200,000.If the...

Question 52

Match between columns&#10;                        Premises: An environment in which there are many companies whose product/services are similar but not identical.&#10;An environment in which there are many companies whose product/services are similar but not identical.&#10;An environment in which there are many companies whose product/services are similar but not identical.&#10;An environment in which there are many companies whose product/services are similar but not identical.&#10;An environment where a few firms control the types of products and services and their distribution.&#10;An environment where a few firms control the types of products and services and their distribution.&#10;An environment where a few firms control the types of products and services and their distribution.&#10;An environment where a few firms control the types of products and services and their distribution.&#10;An environment where a large number of sellers produce and distribute virtually identical products and services.&#10;An environment where a large number of sellers produce and distribute virtually identical products and services.&#10;An environment where a large number of sellers produce and distribute virtually identical products and services.&#10;An environment where a large number of sellers produce and distribute virtually identical products and services.&#10;A company that has exclusive control over a product, service, or geographic market.&#10;A company that has exclusive control over a product, service, or geographic market.&#10;A company that has exclusive control over a product, service, or geographic market.&#10;A company that has exclusive control over a product, service, or geographic market.

Accepted Answer

The Answer of Monopolistic competition and Oligopoly and Monopoly and is...

Question 53

It is said that one of the benefits of the Just-In-Time (JIT)system is that it can't hide defective products.What does this mean?

Accepted Answer

The answer of It is said that one of the...

Question 54

Julia B Enterprises generated the following income:

Julia Barton,the president of Julia B Enterprises,wants to establish a bonus system.If the tax rate is 30%,what is President Barton's bonus under each of the three options below.
A.Bonus based on Income before Bonus and Taxes using a bonus rate of 6%.

Accepted Answer

The answer of Julia B Enterprises generated the following income:&#10;...

Deck 5: Strategic Planning Regarding Operating Processes