1. When a business is operating at a small percentage of its capacity, the strat should be to: a. increase capacity. b. increase sales. c. reduce promotion. d. all of the above.

2. The Collection Period is; a. the time it takes on average for customers to pay what they owe to a fir b. the ratio of accounts receivable to the average sales per day. c. an indicator of efficiency. d. all of the above.

3. A costing worksheet for a contractor is likely to include sections for: a. direct materials. b. direct labour. c. overhead. d. all of the above. e. none of the above.

4. Multinational corporations tend to: a. come in large and small sizes. b. have supply sources in a single country. c. conduct marketing on an international basis. d. all of the above

5. The pricing strategy of a business should primarily be based on: a. its own costs. b. marketing considerations. c. the amount of profit it wants d. all of the above. e. none of the above.