When the terms of sale are FOB shipping point, the buyer pays the freight charges.

Consider the following statement: "Our profits,which have been disappointing,are only part of the total picture." This statement uses a ________ to deliver negative news.

A) mixed metaphor
B) parenthetical expression
C) deflective reference
D) contingent modifier

As a consultant,you have been asked by an organization to provide a menu of indirect benefits that the employer doesn't have to provide by law.Which of the following would you NOT include in your menu?

A) employment insurance
B) company pension plan
C) psychological counselling
D) supplemental medical coverage

You are considering a project that you believe is quite risky. To reduce any potentially harmful results from accepting this project, you could:

A) Lower the degree of operating leverage.
B) Lower the contribution margin.
C) Increase the initial cash outlay.
D) Increase the fixed costs per unit while lowering the contribution margin.
E) Lower the operating cash flow of the project.

Jersey Corporation has a process costing system in which it uses the weighted-average method.The equivalent units for conversion costs for the month were 47,500 units.The beginning work in process inventory consisted of 15,000 units, 60% complete with respect to conversion costs.The ending work in process inventory consisted of 10,000 units, 75% complete with respect to conversion costs.The number of units started during the month was:

A) 25,000 units
B) 34,000 units
C) 35,000 units
D) 40,000 units

In a certain textile firm, labor is the only short term variable input. The manager notices that the marginal product of labor is the same for each unit of labor, which implies that:

A) the average product of labor is always greater that the marginal product of labor.
B) the average product of labor is always equal to the marginal product of labor.
C) the average product of labor is always less than the marginal product of labor.
D) as more labor is used, the average product of labor falls.
E) there is no unambiguous relationship between labor's marginal and average products.

Knowing the difference between a good idea and a real opportunity is vital for would-be entrepreneurs.

At a social club meeting that was held to discuss an environmental problem in a community, Brown made a speech in favour of a particular course of action that he thought the club should follow. Smith, who did not like the suggestions made by Brown, also made a short speech in which he called Brown an "idiot," and his suggestions "rubbish." Statements made at a social club meeting are subject to absolute privilege.

Independent regulatory agencies such as the Federal Communications Commission are

A) not part of the government's executive branch.
B) outside the federal executive departments.
C) subagencies within the cabinet departments.
D) cabinet departments within the executive branch.

In the professional bureaucracy, coordination is achieved through direct supervision by the upper echelon.