41) Although environmental scanning is a vital source of information, research has shown that headquarters executives of global companies obtain as much as two-thirds of the information they need from: A) government publications. B) professional publications. C) trade publications. D) census data. E) personal sources. 42) Which of the following environmental factors may require marketers to adjust their approach to conducting international as opposed […]

    111) What would happen in the market for knee replacement surgery if insurance companies started to cover a smaller portion of the cost of the surgery, and fewer doctors decide to enter the field of joint replacement surgery? A) Demand will decrease, but this will not shift the supply curve. B) Supply will decrease, but this will not shift the demand curve. C) […]

  Stone Cold Incorporated   Balance Sheet: 12/31/04 Assets20042003 Cash and Marketable Securities1080 Accounts Receivable375315 Inventories   615   415 Total Current Assets1,000810 Net plant and equipment1,000     870 TOTAL ASSETS2,0001,680   Liabilities and Equity20042003 Accounts Payable6040 Notes Payable14060 Accruals   110   130 Total Current Liabilities310230 Long Term Bonds   754   580 TOTAL DEBT1,064810 Preferred Stock4040 Common Stock130130 Retained earnings766700 TOTAL COMMON EQUITY896830 TOTAL LIABILITIES AND EQUITY2,0001,680   Income Statement: 12/31/0420042003 Net Sales3,2002,850 Operating Costs (excludes Dep/Amortization)2,700              […]

  11. JNR Products produces and sells plastic soda cups with specialized logos on the front. They sell the cups in batches of 500 for $125 per batch. The company has the capacity to produce 100 batches per month but averages much less. When 75 batches are sold a month, each batch has $40 worth of variable costs and $5 worth of fixed overhead costs allocated […]

  11) Goods are ________ when the income elasticity of demand is positive. A) complements B) elastic C) inferior D) substitutes E) normal   12) If the price of a Brita water filtration system increases and the quantity demanded of bottled water increases, then these two goods are A) substitutes. B) complements. C) normal goods. D) inferior goods. E) inelastic goods.   13) The cross […]

  21) Refer to Figure 18.1. According to Keynes, an expansionary monetary policy in the long run and after all the adjustments have been made A) does not increase equilibrium output. B) increases equilibrium output above Y1. C) decreases equilibrium output below Y1. D) increases equilibrium output above Y1 and decreases the price level below P1.   22) Refer to Figure 18.1. According to monetarists, […]

    76.Affinity makes a single product, pool pumps. Information for 2014 appears below (Assume the same unit costs in all years):   Sales in units5,800 Production in units6,200 Beginning inventory1,500 Variable production cost per unit$46.00 Variable selling cost per unit$6.00 Fixed production cost per year$31,000 Fixed selling and administrative cost per year$24,000 Selling price per unit$75.00   How much is the full cost per […]

    41. Bradford Inc. manufactures and sells digital cameras. Bradford’s management team has begun an intensive program whereby more time and effort are to be focused on product quality than were focused on in the past. The following data has been compiled regarding expected quality costs in the upcoming year:  Product quality audits $  60,000 Quality training 50,000 Rework costs 80,000 Warranty claims 40,000 Inspection […]

  31) If tomato growers in Florida lobby the U.S. government to impose an import quota on Mexican tomatoes, who gains from such a quota? A) Mexican growers B) U.S. consumers C) U.S. growers D) the U.S. government E) no one 32) If the United States imposes a tariff on foreign chocolate, how are foreign producers of chocolate affected? A) Their supply increases because they […]

    101. Assuming that the number of units produced is greater than the number of units sold, which of the following statements is true when comparing net income using absorption and variable costing? A. Absorption costing will yield a higher net income.B. Variable costing will yield a higher net income.C. Net income will be the same under both methods.D. Sales revenue will be less using absorption costing.   102. Assuming that […]