In queueing models, if the service rate forms a Poisson distribution, then the service times have a ______ distribution.
A. binomial
B. positive exponential
C. Poisson
D. negative exponential
D. negative exponential
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Which of the following is true about market-nichers?
A) They are market followers in small markets. B) They tend to have high manufacturing costs. C) Their return on investment exceeds that in larger markets. D) A nicher achieves high volume as against a mass marketer that achieves high margin. E) They usually experience long-term losses.
All of the following represent the best practices to excellent post-sales service EXCEPT:
A. Follow-up with the buyer. B. Coordinate the needed resources (within the salesperson's firm) to enable excellent execution. C. Continually learn about the customer's business. D. Understand the policies of the buying firm. E. Avoid any communication related to changes to product, pricing, delivery, etc.
Licensing refers to a contractual agreement in which the licensor grants access to its patents, trade secrets, or technology for a fee paid by the licensee.
Answer the following statement true (T) or false (F)
The supremacy clause:
A) makes the judiciary superior to the other branches of government. B) makes the state government superior to federal government. C) makes federal law superior to state law when there is a conflict. D) makes the executive branch superior to the legislative branch.