_____________ determines what the organization needs to do and how to get it done. - ️️Planning
Able is currently selling for $34. They expect to sell 1,000 units. Andrew's factory for Able has a capacity of 1,000 units and an automation rating of 6. The material cost per unit is $12.40. Assum...
BA 101|109 Quiz Questions Correctly
Answered
_____________ determines what the organization needs to do and how to get it done. - ✔ ✔
Planning
Able is currently selling for $34. They expect to sell 1,000 units. Andrew's factory for Able has a capacity
of 1,000 units and an automation rating of 6. The material cost per unit is $12.40. Assuming no overtime
(and no inventory carrying costs), what will Able's Contribution Margin (as a total dollar amount) be if
they sell 1,000 units? - ✔ ✔ $16,000
Able is currently selling for $34. They expect to sell 1,000 units. Andrew's factory for Able has a capacity
of 1,000 units and an automation rating of 6. The material cost per unit is $12.40. Assuming no overtime
(and no inventory carrying costs), what will Able's total Variable Cost (as a total dollar amount) be if they
sell 1,000 units? - ✔ ✔ $18000
Accumulated depreciation represents: - ✔ ✔ the total depreciation over the life of the company's
assets
An account payable is the same as - ✔ ✔ a current liability
An accounting term for profit is - ✔ ✔ net income
An accounting term for sales is: - ✔ ✔ revenues
Anything of value owned or leased by a business (such as cash, accounts receivable and buildings) is
considered to be: - ✔ ✔ an asset
Based on the FastTrack in the reported year, using the actual market share method, how many units will
Able sell just to the Low Tech market next year? Assume: 22.5% market share with a 10% growth rate
for Low Tech. (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in
Appendix 1 of "An Introduction to Business.") - ✔ ✔ 1509
Based on the FastTrack in the reported year, what is the least that Baker could have sold and still met
their inventory management goal? (Refer to the Round 2 Foundation FastTrack Report available both on
Canvas and in Appendix 1 of "An Introduction to Business.") - ✔ ✔ 1427
Before the Industrial Revolution began in the late 18th century, more than ____ percent of the world's
workforce was employed in the agricultural sector. - ✔ ✔ 60
Capacity involves - ✔ ✔ the ability of your machinery to produce a specified quantity of products
each yearthe ability of your machinery to produce a specified quantity of products each yearthe ability
, of your machinery to produce a specified quantity of products each yearthe ability of your machinery to
produce a specified quantity of products each year
Company Chester is going to reposition Cake and the change has a revision date of August 12th of the
coming year (August 12th is about 7/10 of a year). What will Cakes perceived age be as soon as the
revision takes place on August 13th? (Refer to the Round 2 Foundation FastTrack Report available both
on Canvas and in Appendix 1 of "An Introduction to Business.") - ✔ ✔ 2.0 years old
Company Erie is going to change Eat's MTBF to 20,000 hours and the change has a revision date of
February 12th (about 2/10 of a year). What will Eat's perceived age be on February 13th? (Refer to the
Round 2 Foundation FastTrack Report available both on Canvas and in Appendix 1 of "An Introduction to
Business.") - ✔ ✔ 3.5 years old
Consumer Power bills the Diaz Company for gas used during the month of December. Until they pay
their gas bill to Consumer Power, Diaz Company would consider the amount owed to be: - ✔ ✔ an
account payable
Distribution is best described as: - ✔ ✔ Getting product to a place where customers can purchase it
Efficient means - ✔ ✔ Doing things right
Examples of fixed costs are: - ✔ ✔ depreciation expenses, R & D expenses, and administrative
expenses
Excess inventory well beyond what is need for the year ahead may: - ✔ ✔ tie up cash and cause cash
flow problems
From the "fishing" story, what is an example of a procedural innovation? - ✔ ✔ Get up earlier and
fish with three poles instead of one
From the FastTrack report, at the end of December, which product would the Low Tech customers'
perceive as having the most attractive price? (Refer to the Round 2 Foundation FastTrack Report
available both on Canvas and in Appendix 1 of "An Introduction to Business.") - ✔ ✔ Cake
From the FastTrack report, at the end of December, which product would the Low Tech customers'
perceive as having the most attractive price? (Refer to the Round 2 Foundation FastTrack Report
available both on Canvas and in Appendix 1 of "An Introduction to Business.") - ✔ ✔ Cake
Half of the people that are not exposed to a company's promotion campaign find out through other
sources. What percentage of the Low Tech market knew about product Cake when making their
purchase decision? (Refer to the Round 2 Foundation FastTrack Report available both on Canvas and in
Appendix 1 of "An Introduction to Business.") - ✔ ✔ 78%
How would you best define demand? - ✔ ✔ The quantity of goods and services consumers are
willing to buy at different prices
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