Which of the following is a product cost?
A) sales commissions
B) CEO's salary
C) delivery van depreciation
D) depreciation on production equipment
D
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A few customers cost more to serve than the revenues they generate. Identify the most appropriate way to handle these customers
A) Attempt to turn away the unprofitable customers. B) Provide services at a discounted rate to these customers. C) Avail preferential treatment to these customers. D) Design specific marketing messages for these customers.
According to the noted economist Jeffrey Sachs, the International Monetary Fund should:
A. not be accountable to anyone as it is a powerful institution. B. bail out banks that have rash lending policies. C. have a "one-size-fits-all" approach to macroeconomic policy. D. keep its operations open to greater outside scrutiny. E. lend only to countries with safe credit ratings.