WELL DETAILED
Which of the following is NOT a strategic alternative to laying off employees?
1. implementing a restricted hiring policy
2. downsizing the workforce
3. lowering employment standards
4. mandating reduced hours - ANSWER 3. Lowering Employment Standards
KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of
organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If
he sells tacos at $475 each, what is his break-even quantity? - ANSWER 173,310
The Marketing Concept today is about what?
1. Sales
2. Relationships
3. Aggressive advertising
4. Price - ANSWER 1. Sales
Which of these is not a cash flow activity category in the Statement of cash flows?
1. operating.
2. investing.
1
, 3. financing.
4. depreciating. - ANSWER 4. Depreciating
Which one of the following statements is false?
1. TC = TFC + TVC
2. ATC = AFC + AVC
3. AFC = TFC divided by Q
4. MC = TC divided by Q - ANSWER 3. AFC = TFC divided by Q
The ratio that explains how efficiently companies use their assets to generate revenue.
1. Receivables turnover ratio
2. Asset turnover ratio
3. Income ratio
4. Quick ratio - ANSWER 2. Asset Turnover Ratio
The sum of the squares total (SST)
1. measures the total variability in X about the mean.
2. measures the total variability in Y about the mean.
3. measures the variability in X about the regression line.
4. measures the variability in Y about the regression line. - ANSWER 4. Measures the
variability in Y about the regression line.
This strategy sacrifices responsiveness to local markets in favor of efficiency. Microsoft, for
example, offers the same software programs around the world but adjusts the programs to
match local languages.
2
Which of the following is NOT a strategic alternative to laying off employees?
1. implementing a restricted hiring policy
2. downsizing the workforce
3. lowering employment standards
4. mandating reduced hours - ANSWER 3. Lowering Employment Standards
KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.25 of
organic bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If
he sells tacos at $475 each, what is his break-even quantity? - ANSWER 173,310
The Marketing Concept today is about what?
1. Sales
2. Relationships
3. Aggressive advertising
4. Price - ANSWER 1. Sales
Which of these is not a cash flow activity category in the Statement of cash flows?
1. operating.
2. investing.
1
, 3. financing.
4. depreciating. - ANSWER 4. Depreciating
Which one of the following statements is false?
1. TC = TFC + TVC
2. ATC = AFC + AVC
3. AFC = TFC divided by Q
4. MC = TC divided by Q - ANSWER 3. AFC = TFC divided by Q
The ratio that explains how efficiently companies use their assets to generate revenue.
1. Receivables turnover ratio
2. Asset turnover ratio
3. Income ratio
4. Quick ratio - ANSWER 2. Asset Turnover Ratio
The sum of the squares total (SST)
1. measures the total variability in X about the mean.
2. measures the total variability in Y about the mean.
3. measures the variability in X about the regression line.
4. measures the variability in Y about the regression line. - ANSWER 4. Measures the
variability in Y about the regression line.
This strategy sacrifices responsiveness to local markets in favor of efficiency. Microsoft, for
example, offers the same software programs around the world but adjusts the programs to
match local languages.
2
