In order to reap the greatest return from the online channel for physical goods, firms should
A) maximize the return for each distinct supply chain member.
B) minimize interactions between the buyer and the other supply chain members.
C) integrate it with their existing supply chain networks.
D) ensure that they have total ownership of the supply chain.
Answer: C
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Which of the following accounts will appear in a post-closing trial balance?
A) Dividends B) Retained Earnings C) Operating Expense D) Fees Earned
Large wholesale and retail buyers typically
A. mistrust automatic inventory control methods. B. see themselves as selling agents for manufacturers. C. pay close attention to each of the products they buy. D. buy most of their products as straight rebuys. E. None of these answers is correct.
When researchers divide the population of interest in a study into groups and then arbitrarily choose participants from each group, they are using
A. quota sampling. B. selective surveying. C. random sampling. D. stratified sampling. E. researcher samples.
Which of the following statements is CORRECT?
A. If a lower level person in a firm does something illegal, like "cooking the books" to understate costs and thereby artificially increase profits because he or she was ordered to do so by a superior, the lower level person cannot be prosecuted but the superior can be prosecuted. B. There are many types of unethical business behavior. One example is where executives provide information that they know is incorrect to outsiders. It is illegal to provide such information to federally regulated banks, but it is not illegal to provide it to stockholders because they are the owners of the firm. C. If someone deliberately understates costs and thereby causes reported profits to increase, this can cause the stock price to rise above its intrinsic value. The stock will probably fall in the future. Both those who participated in the fraud and the firm itself can be prosecuted. D. Ethical behavior is not influenced by training and auditing procedures. People are either ethical or they are not, and this is what determines ethical behavior in business. E. ?Ethics is not an important consideration in business and in business schools.