Which of the following are assumptions of the break-even model?
I. Only one product is involved.
II. Everything that is produced can be sold.
III. The revenue per unit will be the same regardless of volume.
A. I only
B. I and II only
C. II only
D. II and III only
E. I, II and III
Answer: E. I, II and III
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Corporate policy that requires a purchasing agent and purchasing department manager to sign off on asset purchases over $1,500 is an example of
A) general authorization. B) specific authorization. C) special authorization. D) generic authorization.
Suppose you are a sales representative for Advanced Micro Devices (AMD) in Japan. You are trying to convince Toshiba to buy your company's superfast Opteron microprocessor for its new laptop computer
Toshiba's representative seems interested, but eventually does not actually place an order. Confidentially, the representative tells you that he is afraid that Intel will withhold shipments of its Pentium 4 if he does business with AMD. Thinking about Intel's role in this scenario, which of the following elements of the five forces model is evident here? A) barriers to entry B) bargaining power of suppliers C) bargaining power of buyers D) threat of substitute products E) threat of new entrants