Which of the following is true if a slope coefficient in a cost function is decreased from the last year?
A) fixed cost per unit has decreased
B) variable cost per unit has decreased
C) production has decreased
D) contribution margin has decreased
Answer: B
Business
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The type of life insurance in which the investment portion pays a variable interest rate is:
A) Universal life. B) Term life. C) Double indemnity. D) Whole life. E) Variable life.
Business
Which of the following is NOT a factor driving local responsiveness among global firms?
A) cross-national differences in distribution channels B) diverging consumer tastes and preferences C) cross-national differences in product standards D) host government support of freer international trade
Business