A Manager in Charge of New Product Development Can Hire

question 55

Multiple Choice

A manager in charge of new product development can hire engineers and market researchers.The annual salary of an engineer is $30,000 and that of a market researcher is $20,000.The marginal contribution of engineers and market researchers are Given the above information,if the manager has an annual budget of $120,000,how should this budget be allocated in order to maximize the number of new products developed?

• A)Hire two engineers and one market researcher.
• B)Hire two engineers and three market researchers.
• C)Hire three engineers and two market researchers.
• D)Hire three engineers and four market researchers.

Discern the legal requirements of tender in a goods sale.

Understand the legal effects of contracts and how title, possession, and risk of loss are transferred.

Recognize how the UCC addresses good faith purchases and sales involving minors or entities lacking authority.

Comprehend the specifics of contractual obligations, risk of loss, and the effects on third parties in goods transactions.

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Definitions:

Retail Inventory Method

The retail inventory method is an accounting technique used by retailers to estimate their inventory's ending balance/cost based on the relationship between the cost of merchandise and its retail price.