While marketers should be secure in their own convictions and traditions, ________ are required to appreciate the integrity and value of other ways of life and points of view
A) standard of living and stage of economic development
B) production process and standards of measurement
C) open mind and absence of prejudice
D) degree of nationalism and economic community membership
E) fast food culture and slow food culture
C
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Which of the following statements regarding the date of a cash dividend declaration is not accurate?
a. The dividend can be rescinded once it has been declared. b. The corporation is committed to a legal, binding obligation. c. The board of directors formally authorizes the cash dividend. d. A liability account must be increased.
The static budget, at the beginning of the month, for Onyx Dàƒ ©cor Company, follows
Static budget: Sales volume: 1,000 units; Sales price: $70.00 per unit Variable costs: $32.00 per unit; Fixed costs: $37,900 per month Operating income: $100 Actual results, at the end of the month, follows: Actual results: Sales volume: 970 units; Sales price: $74.00 per unit Variable costs: $35.00 per unit; Fixed costs: $34,400 per month Operating income: $3,430 Calculate the flexible budget variance for sales revenue. A) $4,470 U B) $4,470 F C) $3,880 U D) $3,880 F