True or False: According to the S-Shaped curve, diminishing returns for a single year budget become noticeable at $2,000,000. A. True B. False
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True or False: According to the S-Shaped curve, diminishing returns for a single year budget become noticeable at $2,000,000.
A. True
B. False
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- A work team is looking at a current product in the LUML catalog --- the L555X fixture. The L555X was introduced about 2 years ago; is a pretty good seller; seems to meet customer needs (virtually no complaints and few returns); and should be in production for several more years. No major changes in capability are planned. However, LUML is interested in improving the profits from the product. Marketing opines that the L555X is fairly priced given the competition and L555X’s capabilities. One option to try to increase profits is to raise the price (revenue) while holding the production expenses constant. Marketing believes that the L555X has a typical demand curve; and an increase in price will lead to a decrease in sales volume and lower overall revenue. On January 13, the team analyzed the current design and identified 63 parts in the L555X. On January 27 and 28, the team met with the industrial engineering department. Together they were able to identify 108 interfaces in the L555X.…Ruby obtained a loan of $90,000 towards the purchase of her new home. If the loan was 75% of the purchase price, how much did she pay for the home? O $125,000 (Dollars) O $115,000 (Dollars) O $145,000 (Dollars) O $120.000 (Dollars)Safer investments will generally: a.Deliver consistently higher returns b.Generate much better risk-adjusted returns c.Produce less predictable returns d.Have less variability of projected returns
- Cost Per Thousand CPM An advertising campaign features two print ads. One ad generates 15,007 exposures and cost $5,329. The second ad generates 19,223 impressions and cost $8,583. Calculate Cost Per Thousand for the campaign as a whole. (Rounding: penny.)5.9)1. What are the Principles of Control Environment and its implications for business functions? 2. Differentiate the following: a. Systematic Riskb. Unsystematic Riskc. Financial Riskd. Non-Financial Risk
- Danny Meyer Leads His Company through the Challenges of Eliminating Tips What happens when your CEO wants to remove the tip structure from your restaurant? Do you complain about the new prices as a customer? Do you worry about your paychecks as a server? Danny Meyer, CEO of Union Square Hospitality (home to some of the most successful New York restaurants), discovered these answers when he began eliminating the tip structure in most of his restaurants. He had seen firsthand the largest negative impact of a tipping culture: employees stuck in front-line positions with no chance to advance to management without taking significant pay cuts. Meyer began by first involving the affected employees in town-hall talks. These town halls happened months before any publicity was released. Meyer then hosted town halls with customers to explain the importance of fair wages for all his employees at the restaurant, not just the few who served the food. The transition period for each restaurant to…The financial management is concerned with Select one: a. Reduce profit O b. Increase cost O c. None of the options d. Increase performance e. Optimum utilization of resourcesA firm purchased raw materials and paid for them after 60 days. The raw materials were used to manufacture a finished good that was sold 30 days after the raw materials were purchased. The customer paid for the finished good 30 days later. What is the firm's cash conversion cycle? a. 120 days b. 30 days c. 0 days d. 60 days
- When performing sales mix analysis , which one of the following is false : a. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point b. Making changes to the sales mix will likely cause a change in the breakeven point c. The sales mix is usually assumed to be remain the same . d. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin e. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single productAs the level of detail in a cost estimate increases, the cost of making the estimate usually ____ and the cost of errors resulting from the estimate usually ____. a. increases; decreases. b. increases; increases. c. decreases; decreasesd. decreases; increases.The smoothing constant value must be between O a. 10 and 100 O b. 0.0 and 1.0 O c. 1.0 and 10.0 o d. 1 and 10