Which of the Following Questions Should a Manager Ask When

question 81

Multiple Choice

Which of the following questions should a manager ask when evaluating a new promotion idea? 

• A) Is the promotion presented clearly so that the intended market will notice, comprehend, and respond positively to it? 
• B) Is the idea a good one? 
• C) Is the idea unique, or is the competition doing something similar? 
• D) Will the promotion idea appeal to the target market? 
• E) All of these are correct.

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Definitions:

First-In, First-Out Method

An inventory valuation method where goods purchased or manufactured first are sold or used first.

Conversion Costs

The combined cost of direct labor and manufacturing overhead expenses, which are incurred to convert raw materials into finished products.

Equivalent Units

Equivalent units are a concept used in cost accounting to standardize the measurement of quantities of partially completed goods in process inventories.

Conversion Cost

The total expense incurred by a company to convert raw materials into finished products, comprising labor costs and manufacturing overhead.