The probability of the occurrence of event A in an experiment is 1/3 . If the experiment is performed 2 times and event A did not occur, then on the third trial event A
a. must occur
b. may occur
c. could not occur
d. has a 2/3 probability of occurring
B
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Derivatives include
a. an option to purchase a share of stock. b. a commitment to purchase a certain amount of foreign currency in the future. c. interest rate, foreign exchange rate, and commodity price hedges. d. all of the above e. none of the above
Highly centralized management and strict operating procedures for each phase of business characterize _____
a. mass merchandising b. rationalized retailing c. positioned retailing d. risk-minimization retailing
Which one of the following is a concern expressed by suppliers in JIT partnerships?
A) having too many customers B) delivery to the point of use C) having limited ability to respond to changes in product and quality D) large lot sizes E) customers' infrequent engineering changes
Use Scenario 12.2 to answer the question. How much cheaper is the Wisconsin alternative when SAGE is indifferent between Oklahoma and England?
A) about 3,221 B) about 2,967 C) about 4,428 D) about 3,967