What is the bid price for the Winfield High School Job if the company uses a 40% markup of total manufacturing costs?
A) $2,310
B) $588
C) $1,680
D) $2,058
D
Explanation: D) $2,058 = $1,470 × 1.40
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Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally, and economically different. The firm needs to select a mode of entry that would give it access to local knowledge, allow sharing of development costs and risks, and also be politically acceptable. Which of the following modes of entry into foreign markets is most suitable for Axiom International?
A. Wholly owned subsidiary B. Joint venture C. Exporting D. Greenfield investments E. Licensing
The distinction between lost property and mislaid property depends upon:
A) Whether the property was found on public or private property. B) Whether the property belonged to a minor or an adult. C) Whether the true owner intentionally placed the property in the place where it was found. D) Whether the true owner later finds it.