Which of the following BEST describes revenue?
a. It equals price minus costs.
b. It equals quantity sold times profit margin.
c. It equals price of goods times quantity sold.
d. It equals return on investment.
Ans: c. It equals price of goods times quantity sold.
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In the context of the given scenario, which of the following is a strength of Raney Pharmaceuticals Corp.?
A. New regulations have been passed limiting their ability to sell certain formulations over the counter. B. As compared to their competitors, their management team is by far the best in the industry. C. The company has inadequate financial resources to invest in their operations. D. They have fallen behind in research and development in the last few years. E. More people are becoming interested in natural alternatives to traditional chemical pharmaceuticals; this trend is expected to continue over the next decade.
Which of the following is NOT a characteristic of a creative problem solver?
A) self confidence B) tolerance for ambiguity C) frustrates easily D) accepts risks readily