Briefly explain the following statement: "Everyone has some experience with marketing."
What will be an ideal response?
Everyday life places people in marketing situations. Everyone has been exposed to advertising, made purchase decisions, and promoted himself or herself in some way, such as applying to college.
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Stone Industries uses flexible budgets. At normal capacity of 16,000 units, budgeted manufacturing overhead is: $48,000 variable and $270,000 fixed. If Stone had actual overhead costs of $321,000 for 18,000 units produced, what is the difference between actual and budgeted costs?
a) $3,000 favorable b) $3,000 unfavorable c) $9,000 unfavorable d) $12,000 favorable
Under which life settlement option does the insurer retain the death benefit but pays the beneficiary the earnings on the death benefit?
A. Interest only option B. Accumulate with interest option C. Life income option D. Cash option