1. Which of the following is NOT a strategic alternative to laying off employ- ees?
s s s s s s s s s s s s s
1. implementing a restricted hiring policy s s s s
2. downsizing the workforce s s
3. lowering employment standards s s
4. mandating reduced hours: 3. Lowering Employment Standards
s s s s s s
2. KJ built his taco truck out of $75,000,000 worth of titanium and duct tape. He uses $10.
s s s s s s s s s s s s s s s s
25 of organic bok choy, $6.75 of Wisconsin cheddar cheese, and
s s s s s s s s s s
$25.25 of foie gras in each taco. If he sells tacos at $475 each, what is his break-
s s s s s s s s s s s s s s s s s
even quantity?: 173,310
s s
3. The Marketing Concept today is about what?
s s s s s s
1. Sales
2. Relationships
3. Aggressive advertising s
4. Price: 1. Sales s s
4. Which of these is not a cash flow activity category in the Statement of cash flows?
s s s s s s s s s s s s s s s
1. operating.
2. investing.
3. financing.
4. depreciating.: 4. Depreciating s s
5. Which one of the following statements is false?
s s s s s s s
1. TC = TFC + TVC
s s s s
2. ATC = AFC + AVCs s s s
3. AFC = TFC divided by Q
s s s s s
4. MC = TC divided by Q: 3. AFC = TFC divided by Q
s s s s s s s s s s s s
6. The ratio that explains how efficiently companies use their assets to gener- ate revenue.
s s s s s s s s s s s s s
1s/s
15
, 1. Receivables turnover ratio s s
2. Asset turnover ratio
s s
3. Income ratio s
4. Quick ratio: 2. Asset Turnover Ratio
s s s s s
7. The sum of the squares total (SST)
s s s s s s
2s/s
15