MGT 482 Final Exam.doc

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MGT 482 Final Exam Short answer. 5 points In two or three sentences each, define and give an example of the terms below. Each answer should have at least one citation from the internet or library: 1. Limited-Liability Company (LLC) 2. S Corporation 3. Breakeven Analysis 4. Profit-Loss Statement 5. Distribution Channels for Consumer Goods Case Study. Just Toys, Inc. 15 points Maria Rodriguez owns and operates a small company that manufactures wooden toys that are sold directly to upscale boutiques throughout California. Maria's manufacturing process is relatively simple. Pine boards are cut into “blanks” for each of the pieces required for the product currently being produced. The blanks are then stored in bins until needed by the lathe operators. Lathe operators take the blanks from the bin, shape them on a lathe, and pass them to sanders for finishing. The pieces are then assembled, painted, inspected, packed, and shipped.
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