A mode of thinking that occurs when people are deeply involved in a cohesive group and their desire for unanimity offsets their motivation to appraise alternative courses of action is known as:
a. Group problem solving
b. Groupthink
c. Group cohesiveness
d. Group bonding
b. Groupthink
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_____ focuses on maximizing the surplus of income over costs
a. Operations-oriented pricing b. Revenue-oriented pricing c. Patronage-oriented pricing d. Quality-oriented pricing
. Pricing is based on the amount the customer is expected to pay for the product, its perceived value, and the degree to which the price can be raised or lowered depending on:
a. market demand and competitor pricing. b. manufacturing costs and location. c. marketing campaigns and customer freedback. d. wholesaler disounts and retail markup.
Select the term from the list provided that best matches each of the following descriptions or definitions:Your AnswerDefinition or DescriptionTerm?A. An indication of the relative importance of an item of financial information1. Absolute amounts?B. Analysis technique that compares amounts of the same item over two or more time periods2. Book value per share?C. Measures of the long-term debt paying ability of the firm3. Current ratio?D. Measure of profitability calculated by dividing net income by average total stockholder's equity4. Horizontal analysis?E. Dollar amounts of individual items on financial statements can be misleading because they make no reference to the size of the company5. Liquidity ratios?F. Measurements of a firm's ability to generate income6.
Materiality?G. Current assets divided by current liabilities7. Average days to sell inventory?H. Measures of short-term debt paying ability8. Price-earnings ratio?I. Measure to compare values of different stocks, calculated by dividing market price per share by amount of income per share9. Profitability ratios?J. Another way at looking at inventory turnover by converting the inventory turnover ratio into a number of days10. Return on equity?K. Calculated by dividing total stockholder's equity less preferred rights by the number of common shares outstanding11. Solvency ratios What will be an ideal response?
In a periodic review system, if the average demand increases by 100%, the restocking level is:
A) increased by 200%. B) decreased by 100%. C) decreased by 50%. D) increased by 40%.