Which of the following is considered an external performance benchmark for a product's performance in the market?
A) sales revenues
B) net profits
C) return on sales
D) relative product quality
E) assets as a percentage of sales
Ans: D) relative product quality
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On January 1, 2016, Clementine Company purchased a new truck for $29,400. Its estimated useful life is seven years or 200,000 miles. The truck's expected salvage value is $1,400. During 2016, the truck was driven 20,000 miles. Assuming units-of-production depreciation, 2016 depreciation expense is:
What will be an ideal response?
Which of the following is true about planned economies?
a) in a planned economy, entrepreneurs have economic incentives that encourage innovation b) in a planned economy, market regulations reduce the risk of economic stagnation c) in a planned economy, individuals benefit from innovation than the state does d) in a planned economy, the state owns all means of production