In today's competitive business environment, managers
a. need only be concerned with quality.
b. must provide the highest value at the highest cost to customers.
c. must provide the highest value at the lowest cost to customers.
d. need not be concerned with the cost to the customers.
C
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A bond is simply a form of an interest-bearing note
a. True b. False Indicate whether the statement is true or false
In marketing research, ________ scales are used to measure relative attitudes, opinions, perceptions, and preferences. In the opening example for Chapter 8, this was shown by the rank order of the most admired companies
A) nominal B) ordinal C) interval D) ratio
Which of the following statements is incorrect concerning liquidated damages?
a. A liquidated damages clause will be enforced if, when the contract was made, it was difficult to estimate actual damages. b. The amount of liquidated damages must be a reasonable estimation of the actual harm resulting from a breach. c. Nominal damages are not the same thing as liquidated damages. d. Liquidated damages are enforceable even if the amount is considered to be a penalty on the breaching party.
A owns a ranch in Wyoming, which B offers to purchase. A is not willing to sell the ranch but is willing to exchange the ranch for an apartment complex in Louisiana. The complex is available for sale. B purchases the apartment complex in Louisiana from C and transfers it to A in exchange for A's ranch. The ranch and the complex each have a $1,000,000 fair market value. Which of the following is true?
A. The transaction qualifies as a like-kind exchange for A but not for B. B. The transaction does not qualify as a like-kind exchange for either B or A. C. The transaction qualifies as a like-kind exchange for B but not for A. D. The transaction qualifies as a like-kind exchange for both B and A.