_____ multiplied by the number of units sold equals total revenue for the firm

a. Discount

b. Price

c. Overhead cost
d. Profit margin

ANSWER: b

Price is an important competitive weapon, and is very important to the organization because price multiplied by the number of units sold equals total revenue for the firm.

Business

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Organizational design is concerned with an organization developing ________.

a. optimal structures of accountability and responsibility to execute its strategies b. new MBO goals c. important decisions that are suggested by employees d. the most favorable methods of accomplishing both the diversity and synergy plans e. the best structures of costs and efficiency that an organization uses to meet goals

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Brady Logistics purchased a 30% equity interest in Belichick Delivery for $1,000,000 at the beginning of Year 1. During Year 1, Belichick declared $900,000 in net income and paid $400,000 in dividends. What AMOUNT OF NET INC will Brady report on this investment?

a. $150,000 b. $0 c. $270,000 d. $120,000

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