Answer:
quality when quality cannot be easily judged
Explanation:
Based on the information provided in this scenario it seems that the Sheraton brand-name is likely to be used as a signal of quality when quality cannot be easily judged. Meaning that the company included the Sheraton hotel along with the list of other hotels because they do not know the quality of that specific hotel in that specific location, even though "Sheraton" is known worldwide as a luxury hotel business.
Answer: It is A).
Explanation:
The Interstate Commerce Commission (ICC), established by Congress in 1887 to regulate the railroads (and later extended to motor carriers, inland waterways, and oil companies). It was abolished in 1996 but long served as the prototype of such an agency.
Answer:
(d) $26,000
Explanation:
The computation of the direct material cost is shown below:
= Fabric used to upholster furniture + Lumber used to build product + Freight in (raw materials)
= $8,000 + $15,000 + $3,000
= $26,000
The other cost which is mentioned in the question is related to direct labor, overhead cost, etc. Thus all other costs should be ignored.
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