Gulshan Parvana operates a machine shop in Istanbul, Turkey. She places bids on small projects in the metropolitan area. Which of the following is most likely to be a cost driver that should be considered when determining how to allocate utility costs?

A) number of projects completed
B) number of units produced
C) number of labor hours
D) sales revenue

Answer: A

Business

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When the manufacturer of Pine-Sol cleaning liquid introduced an orange-scented cleaner, which of the following occurred?

a. The product was easily sold to many foreign countries using the same, popular Pine-Sol brand name. b. The product was a new product because it was an improvement or revision of an existing product. c. The product was not accepted well in the market until a personal selling campaign was launched. d. The product was not considered new, because the product was not discontinuous.

Business

The CEO of JLI Corp. decided to expand into a new market in 2010. At the end of 2010, JLI's stock

price had decreased 5% since the beginning of the year. Which of the following statements is MOST correct? A) The CEO made a poor decision to expand because the stock price decreased during the year. B) CEO decisions are irrelevant because the efficient market determines the value of a company's stock. C) The CEO's decision may have been optimal, keeping the stock price from falling more than 5% for the year. D) The CEO made a poor decision to expand because the company's profits for the year obviously decreased, causing the drop in stock price.

Business