During the month of march, baker's express purchased 10,000 pounds of flour at $1 per pound. the production department used 9,500 pounds of flour to produce 100,000 biscuits. at the end of march, baker's express found it had a favorable materials price variance of $500. the standard cost per pound must be:
a. $1.00
b. $1.95
c. $1.05
d. $0.95
e. none of the above

Ancho corp. is an automobile company whose core competency lies in manufacturing petrol- and diesel- based cars. the company realizes that more of its potential customers are switching to electric cars. the r& d department of the company acquires competencies in developing electric cars and launches its first hybrid car, which uses both gas and electricity. in this scenario, ancho is primarilya. leveraging new core competencies to improve current market position. b. redeploying existing core competencies to compete in future markets. c. unlearning existing core competencies to create and compete in markets of the future. d. building new core competencies to protect and extend current market position

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.

When gathering information about certain occupations, be sure to understand how you are paid. what is the difference between a salary and an hourly wage?