In consumer orientation,a company creates a product first and then determines if a consumer is likely to purchase the product.

Approximately ________ of futures contracts result in actual delivery.

A) 0%
B) less than 1% to 3%
C) less than 5% to 15%
D) less than 60% to 80%

The labor rate variance for the month is closest to:

A) $5,746 U
B) $6,069 F
C) $5,746 F
D) $6,069 U

Long sentences are sometimes needed to convey complex ideas, to list a number of related points, or to summarize or preview information.

Martha conveyed her lakefront property to her daughter, Ellen, for life and then to Ellen's children, but if Ellen had no children, to Mark. Mark has a vested remainder.

Antonia's instructor told the class that the upcoming midterm exam would include several essay questions and suggested that students create summaries to help them study. Antonia has never written a summary for this purpose and isn't sure what to do. Which advice would likely be MOST beneficial to Antonia as she prepares her first summary?

A) Only write one draft of the summary because it is a study tool, not a graded assignment.
B) Copy information directly from the textbook into the summary verbatim.
C) Instead of writing complete sentences, use sentence fragments that summarize main ideas.
D) Make connections between the main ideas and key supporting details.

Starbucks Coffee contracts with Juan Valdez coffee farms to purchase "all the coffee beans Starbucks needs for the next twelve months." The parties have a(n) ________ contract.

A) open price
B) requirements
C) output
D) firm offer