The Canine Kennel uses 600 cases of dog food annually and orders 40 cases in each shipment. If the annual carrying cost per case (due to opportunity costs and extremely large dogs) is $5, what is the total annual carrying cost for dog food?
A) $196
B) $250
C) $100
D) $200
Ans: C) $100
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Which of the following is true about a plurality decision of the Supreme Court?
A) It settles a case but does not set the precedent for later cases. B) It affirms the decision of the lower court. C) It settles a case and sets the precedent for later cases. D) It causes a case to be reviewed again at a later date.
Which of the following is NOT a reason why the growth strategy is so desirable?
A) There are more opportunities for advancement and promotion. B) A corporation that experiences successful growth is thought of positively by the marketplace and potential investors. C) A large and growth-oriented corporation has more clout and influence. D) A growing firm can cover up mistakes and inefficiencies because of the increase in cash flow revenue. E) A large and growing firm attracts more acquisition offers.