The Mansfield Company Manufactures and Sells Two Lines of Fishing

question 58

Multiple Choice

The Mansfield Company manufactures and sells two lines of fishing rods. During the most recent accounting period, the Pro line and the Novice line sold 15,000 and 2,000 units, respectively. The company's most recent financial statements are shown below: Based on this information, the company should:
The word "Costs" should not be capitalized mid-way down. Also, change "admin." to:
Administrative
The cell should read:
Unit-level selling and administrative costs

• A)Eliminate the Novice line because it is operating at a loss.
• B)Keep the Novice line because it contributes $40,000 to total profitability.
• C)Keep the Novice line because it contributes $55,000 to total profitability.
• D)It is impossible to determine with the given information. The word "Costs" should not be capitalized mid-way down. Also, change "admin." to: Administrative The cell should read: Unit-level selling and administrative costs

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Definitions:

External Environment

Factors and forces outside an organization that affect its performance, including economic, social, technological, legal, and political elements.

Organizational Planned Change

A deliberate process initiated by an organization to improve or alter its current state for better results.

HR Planning

The process by which an organization ensures that it has the right number and kind of people, at the right place, at the right time, capable of effectively and efficiently completing tasks that will help the organization achieve its overall strategic goals.

HR Metric

A measurable value that is used to track and assess the efficiency and effectiveness of HR policies and procedures.