When managers glean information from their company's accounting and sales records stored in the company computer system, they are using an internal database
Indicate whether the statement is true or false
TRUE
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A company with fixed costs of $10,000 per month has a target price of $165 for their sole product, a heat shield for masonry fireplaces. What level of output represents their break-even point if their variable cost for producing is $35 per unit?
A) between 60 and 70 units B) between 70 and 80 units C) between 80 and 90 units D) between 90 and 100 units
The government attempted to control prescription drug prices during the 1990s. What would have been the effect of this change on this industry?
A) It would have increased competition, thereby reducing the complexity of this environment. B) It would have made the environment more complex due to the reduction in profits. C) It would have increased the demand for drugs, thereby making the environment less dynamic. D) It would have enlarged the domain of this industry.