Which of the following best describes the role of corporate governance?
A. Management often is compensated based on the company's profitability.
B. Management decides which accounting principles are the most appropriate.
C. Holding the management team accountable to shareholders and other constituents for the utilization of the entity's resources.
D. Shareholders vote to decide who should be members of the board of directors.
Answer: C
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A) $10 million B) $20 million C) $30 million D) $40 million E) $50 million
Service quality depends on who provides them, when and where, and to whom. Thus, services are highly ________
A) inseparable B) tangible C) variable D) perishable E) intangible
A consumer doesn't have to learn anything new to use a ________
A) dynamically continuous innovation B) dynamically continuous new product C) discontinuous new product D) continuous innovation E) discontinuous innovation
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Customers who came to the retail store looking for the three-speed blender were told that the item was out of stock and were encouraged to buy the higher-priced five-speed blender. The retailer would most likely be accused of ________. A) predatory pricing B) price discrimination C) loss-leader pricing D) bait-and-switch pricing E) price fixing