User Homework Solutions

"FedEx and UPS Superior Responsiveness" Please respond to the following: 1. From the e-Activity, determine the functional level strategy of both UPS and FedEx. Next, compare and contrast each company’s quality practices and level of responsiveness to customers. Note: Be sure to relate the "Six Strategies for Creating Competitive Advantage” from the video into your response. This is the link to the video:Video Source: WHC2012 (2012,

Other / Other Other / Other 17 Oct 2014

1) Suppose that the price of peanuts falls from $3 to $2 per bushel and that, as a result, the total revenue received by peanut farmers changes from $16 to $14 billion. Thus: A. the demand curve for peanuts has shifted to the right. B. the demand for peanuts is elastic. C. the demand for peanuts is inelastic. D. no inference can be made as to the elasticity of demand for peanuts. 2) The advent of DVDs has virtually demolished the market for

Other / Other Other / Other 14 Oct 2014

1. If the demand curve is QD = 100 – 10P and there is a $1 price increase, then the elasticity of demand at P = 2 is A. -0.25 B. -0.75 C. -0.50 D. -0.30 2. If the absolute value of a demand elasticity is less than 1, then A. the demand is inelastic, and a price rise will reduce the total revenue B. the demand is inelastic, and a price rise will increase the total revenue C. the demand is elastic, and a price rise will reduce the to

Other / Other Other / Other 14 Oct 2014

1) An economist who is studying the relationship between the money supply, interest rates, and the rate of inflation is engaged in A. microeconomic research B. macroeconomic research C. theoretical research, because there is no data on these variables D. empirical research, because there is no economic theory related to these variables 2) A basic difference between microeconomics and macroeconomics is that microeconomics A. focuses on the

Other / Other Other / Other 14 Oct 2014

1) Performance reports _____. A. ignore areas that are presumed to be running smoothly B. provide feedback by comparing results with plans and by highlighting deviations from plans C. are deviations from a plan D. are quantitative expressions of action plans 2) Budgets _____. A. ignore areas that are presumed to be running smoothly B. are deviations from a plan C. are quantitative expressions of action plans D. provide feedback by compar

Other / Other Other / Other 13 Oct 2014

ACC/561 ACC 561 Week 6 WileyPLUS Practice Quiz Question 1 A major accounting contribution to the managerial decision-making process in evaluating possible courses of action is to provide relevant revenue and cost data about each course of action decide which actions that management should consider determine the amount of money that should be spent on a project. assign responsibility for the decision Question 2 In incremental analysis onl

Other / Other Other / Other 12 Oct 2014

Question 1 Why are budgets useful in the planning process? They enable the budget committee to earn their paycheck. They provide management with information about the company's past performance. They help communicate goals and provide a basis for evaluation. They guarantee the company will be profitable if it meets its objectives. Question 2 A common starting point in the budgeting process is past performance. a clean slate, with no expe

Other / Other Other / Other 12 Oct 2014

Question 1 Which of the following is an advantage of corporations relative to partnerships and sole proprietorships? Harder to transfer ownership. Most common form of organization. Reduced legal liability for investors. Lower taxes. Question 2 The group of users of accounting information charged with achieving the goals of the business is its creditors. investors. managers. auditors. Question 3 Which of the following financial statem

Other / Other Other / Other 12 Oct 2014

Question 1 A variable cost is a cost that Question 2 An increase in the level of activity will have the following effects on unit costs for variable and fixed costs Unit Variable Cost Unit Fixed Cost Question 3 A fixed cost is a cost which Question 4 Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $14 of variable costs to make. During April, 1,000 drives were sold. Fixed cost

Other / Other Other / Other 11 Oct 2014

Question 1 A major purpose of cost accounting is to Question 2 The two basic types of cost accounting systems are Question 3 A process cost system would most likely be used by a company that makes Question 4 Which of the following would be accounted for using a job order cost system? Question 5 The flow of costs in a job order cost system Question 6 The entry to record the acquisition of raw materials on account is Question 7 Time ti

Other / Other Other / Other 11 Oct 2014