When a firm is operating at an efficient scale,

a. average variable cost is minimized.

b. average fixed cost is minimized.

c. average total cost is minimized.

d. marginal cost is minimized?

Zeitgeist Company manufactures silicon sleeves for MP3 players. In August of last year, Zeitgeist began producing the colorful sleeves. During the month of August, 16,000 were produced, and 14,750 were sold at $6.95 each.

Procter & Gamble offers Tide detergents, Charmin bathroom tissue, Crest toothpaste products, and Pampers diapers, as well as a host of other household brands. These products all represent a product line. A. TrueB. False

You are targeting a total production volume increase of 10% in the next 7 days compared to the last 7 days' actual production volume.

The gross increases in retained earnings attributable to business activities are called

The budgeting process does not involve which of the following activities? a. Increase in sales by increasing marketing efforts. b. Execution of plans to achieve goals. c. Periodic comparison of actual results to goals. d.

Which of the following is true of customers who are regarded as ""promoters"" based on the net promoter score associated with these customers? A. They spread negative comments about the organization. B. They usually defect at higher rates. C.

Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realization, their capital balances are $36,000 and $24,000, respectively.

ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80 percent coinsurance clause. The building had a replacement cost of $1 million when it sustained a $40,000 loss.

Which of the following are true? Select one or more: (a) The t-distribution is dependent on the sample size. (b) The t-distribution does not depend on the sample size.

Santoyo Corporation keeps careful track of the time required to fill orders. Data concerning a particular order appear below: Hours Wait time 13.6 Process time 2.7 Inspection time 0.3 Move time 3.3 Queue time 7.0 The delivery cycle time was: