Derrick saves coupons from 10-minute oil and lubrication services (e.g., Jiffy Lube, Quick Lube and Speedi-Lube) and when he needs to have his car's oil changed, he chooses the oil and lubrication service that offers the best deal on a 10-minute oil change. For 10-minute oil and lubrication services, Derrick defines value as:
A. Everything I want in a service
B. All that I get for all that I give
C. Reliable service
D. The quality I get for the pace I pay
E. Low price
Answer: E
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From 2000-2010, which nation lost thousands of jobs to China, whose average wages were half of those of this country?
a. Japan b. Canada c. Germany d. Mexico
Which strategy can be legally adopted by organizations looking to restructure the workforce to minimize the expense of benefits?
A. limiting the coverage on life insurance based upon an employee's age B. recruiting new employees instead of demanding overtime from existing employees C. substituting HMO and PPO plans with traditional health insurance plans D. using more full-time rather than part-time employees E. using more independent contractors rather than hiring additional employees
Multicollinearity is a(n):
A. situation in which several independent variables are highly correlated with each other. B. statistical procedure that estimates regression equation coefficients which produce the lowest sum of squared differences between the actual and predicted values of the dependent variable. C. statistical technique which analyzes the linear relationship between a dependent variable and multiple independent variables by estimating coefficients for the equation for a straight line. D. statistic that compares the amount of variation in the dependent measure "explained" or associated with the independent variables to the "unexplained" or error variance. E. estimated regression coefficient that has been recalculated to have a mean of zero and a standard deviation of 1.
Mark, an accountant, was found guilty of embezzlement and was fired from his job. He had been receiving medical, dental, and optical benefits from his employer. On his termination, his employer refused to continue granting him these benefits
Which of the following courses of action can Mark take under the Consolidated Omnibus Budget Reconciliation Act of 1985? A) He can sue his employer for 10 percent of the annual cost of the group plan. B) He can sue his employer for $500,000. C) He can pay the premium for the policy to maintain his coverage. D) He cannot legally claim the benefits or any amount of money.