Exam 5: Strategic Planning Regarding Operating Processes

Panascope manufactures high-definition TVs (HDTVs).It costs Panascope $1,500 to produce one HDTV.Panascope,planning to "make hay while the sun shines" has priced its HDTVs at $12,000.This is an example of which pricing strategy?

Malsom Corp's monthly payroll is $100,000.If the FICA rate is 7.65% ,income tax is withheld at a 15% rate,the State Unemployment (SUTA) A)rate is 2.8% and the Federal Unemployment (FUTA) A)tax rate is .8%,how much is withheld from the workers' wages and how much does Malsom have to pay in payroll taxes?

Which of the following business is considered part of an oligopoly?

Which of the following best describes the competitive environment for Microsoft Windows?

Model bakers have developed a snack cake that it wants to compete with Hostess Twinkies and has set their introductory price 10 cents below the price of a Twinkie.This Is an example of which of the following?

Which of the following is a feature of a JIT inventory system?

Which of the following is not withheld from the employee's check?

Which of the following describes the practice of setting the price of a product at less than cost to take over a market and then to raise the price?

Which of the following is not a factor when using "Target Pricing"?

Which of the following describes the practice of selling a product in other countries for a price less than the company's cost?

Which of the following is not a key feature of a JIT inventory system?

The seller of a product is a price taker in which of the following environment?

Which of the following is withheld from an employee's pay and also paid by the employer?

When the iPhon was introduced its price was set by which of the following?

Safety stock is kept in order to:

Lockwood International's president receives a bonus equal to 7% of net income.This bonus is included in the determination of net income.If the company's income before the bonus was $4,500,000,the amount of the bonus is:

Which of the following statements is false?

Lead time in an inventory system is:

If a product has a cost of $160 and a markup percentage of 60 % what is the selling margin of the product?