The human body is an example of a(n) ________ because it requires life-sustaining oxygen, nutrients, and water from the environment.
A. hierarchy
B. learning system
C. open system
D. closed system
E. flat organization
Answer: C
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Why might the demand for business products be inelastic, while the demand facing individual sellers of those products is extremely elastic?
A. because total demand for business products often exceeds supply B. because the industry demand is rising C. because the demand for business products is derived, and some industries have many sellers of essentially homogeneous products D. because most business producers use haggling in their buying E. None of these answers is correct.
Messages which discuss a service’s price or performance are examples of
a. emotional messages b. moral messages c. sensory messages d. analytic messages e. rational messages
Discount promotions are deals that reduce the cost of the product to the retailer or help defray advertising expenses
Indicate whether the statement is true or false
U.S. GAAP and IFRS do not require firms to disclose the fair value of long-term notes and bonds in notes to the financial statements
Indicate whether the statement is true or false