___ is a planning technique that makes use of external comparisons to determine practices used by best-in-class companies to improve performance and identify possible actions for the future.

A) Contingency planning
B) Benchmarking
C) Scenario planning
D) Forecasting
E) Management by objectives

This question is to be considered independently of all other questions relating to Lemelin Corporation.Refer to the original data when answering this question. The marketing manager would like to cut the selling price by $18 and increase the advertising budget by $37,000 per month.The marketing manager predicts that these two changes would increase monthly sales by 1,600 units.What should be the overall effect on the company's monthly net operating income of this change?

A) increase of $118,200
B) increase of $302,200
C) decrease of $118,200
D) decrease of $7,800

A low LPC leader will be most effective in situations that are

A) neutral in favorability.
B) very unfavorable
C) somewhat unfavorable.
D) novel,involving,or dynamic.
E) routine and simple.

When each person specializes in producing the good in which he or she has a comparative advantage, each person can gain from trade but total production in the economy is unchanged.

Refer to Table 28-2. In the proper order, which age group has the highest unemployment rate and which has the highest labor-force participation rate?

A) Under 55, under 55
B) Under 55, 55 and older
C) 55 and older, under 55
D) 55 and older, 55 and older

Which of the following statements regarding the gross domestic product is true?

A) It is useful in comparing the overall performance of different economies at the same time.
B) It measures aggregate income in an economy over a period of ten years.
C) It measures the value of all goods and services produced in the world during a given period.
D) It is a measure of an economy's price level during a particular year.
E) It records the cumulative value of all goods and services produced by domestically owned factors of production.

On January 1, 2021, Musical Corp. sold equipment to Martin Inc. (a wholly-owned subsidiary) for $168,000 in cash. The equipment originally cost $140,000 but had a book value of only $98,000 when transferred. On that date, the equipment had a five-year remaining life. Depreciation expense was calculated using the straight-line method.Musical earned $308,000 in net income in 2021 (not including any investment income) while Martin reported $126,000. Assume there is no amortization related to the original investment.Prepare a schedule of consolidated net income and the share to controlling and noncontrolling interests for 2021, assuming that Musical owned only 90% of Martin and the equipment transfer had been upstream