The difference between value and price is the_______
a. customer incentive to purchase
b. fundamental value equation
c. estimate of value changes
d. concept of value in the business markets
a
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________ attributes are characteristics, the quality of which can be assessed before purchase
A) Search B) Experience C) Credence D) Solution
Overstating ending inventory has the following effect on cost of goods sold and net income respectively
a. COGS - overstated and NI - overstated b. COGS - understated and NI - overstated c. COGS - overstated and NI - understated d. COGS - No effect and NI - understated
In 2007, __________ million people in sub-Saharan Africa were classified as undernourished.
a. 10.9 b. 146 c. 457 d. 925
Berat believes it is morally wrong to pay overseas workers low wages and decide to close down his U.S.-based company rather than betray his principles. This example is related to which ethical decision- making approach?
a. Objectivity approach b. Justice approach c. Utilitarian approach d. Rights approach