As production moves up, the average cost per unit decreases because ________
A) variable costs decrease
B) of increasing diseconomies of scale
C) fixed costs are spread over more units
D) overhead costs decrease
E) revenue increases
C
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The value proposition _______ consists of one or two points-of-difference (and, perhaps, a point-of-parity) whose improvement will deliver the greatest value to the customer for the foreseeable future
a. all benefits b. favorable points of difference c. resonating focus d. operational excellence
Carlos carelessly ran a red light, and struck Cantwell, a pedestrian, all in full view of several bystanders. When Cantwell sued Carlos for damages, all the witnesses testified that Carlos did indeed run the light. Nevertheless, the jury found Carlos had met his duty of care and therefore was not liable for the injuries. The judge, however, responding to a motion from Cantwell's attorney, found
Carlos negligent and liable on the basis of the overwhelming evidence presented at trial. Which of the following statements best describes the judge's action? a. This is illegal, as it would be double jeopardy. b. This was improper, because the judge cannot overrule a jury. c. This is proper and is called voir dire. d. The judge has the power to grant the motion and it is called a judgment n.o.v.
A partner's profit from a partnership is taxed as income to the firm.
Answer the following statement true (T) or false (F)
Ken's car battery dies while he is on his way to an important meeting. Which step is Ken at in the consumer buying process?
A. Evaluate the alternatives B. Purchase C. Recognize the problem D. Search for information E. Evaluate after purchase