Which of the following is an example of time utility?
A. a dry cleaners that is located inside a supermarket
B. Goodwill that has a 24-hour drop off box for clothing donations
C. an iPhone with a "multitouch" user interface for easy navigation
D. a mobile phone company that offers six-month financing, same as cash
E. a new herbal supplement that offers a 30-day free trial
Answer: B
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Insurance companies provide two types of services. One service is an identified contract service-mortality protection or loss protection. The second service consists of investment management service
Indicate whether the statement is true or false
Regarding employee stock options, which of the following is/are true?
a. Firms compute a fair-value-based measure of employee stock options on the date of the grant using an option-pricing model that incorporates information about the current market price, the exercise price, the expected time between grant and exercise, the expected volatility of the stock, the expected dividends, and the risk-free interest rate. b. Total compensation cost is the number of options the firm expects to vest times the value per option. c. Firms amortize total compensation cost over the requisite service period, which is the expected period of benefit. d. The requisite service period is usually the period between the grant date and the vesting date. e. Firms do not typically remeasure most types of stock options after the initial grant date.
________ is a continuous, systematic procedure that measures a firm's products, services, and processes against those of industry leaders
Fill in the blanks with correct word
Which of the following statements is true?
a. The right brain is more important in the creative process than the left brain. b. The left brain is more important in the creative process than the right brain. c. Both sides of the brain are important to the creative process. d. Motivation, not the brain, is the key to the creative process.