United Industries manufactures a number of products at its highly automated factory. The products are very popular, with demand far exceeding the factory's capacity. To maximize profit, management should rank products based on their:
A. contribution margin
B. contribution margin per unit of the constrained resource
C. selling price
D. gross margin
Answer: B
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Consumers rely less on price to judge the quality of a product when they ________
A) lack information about the product B) are unable to research the product C) have prior experience with the product D) are unable to judge the quality of the product E) rely on cues from sellers to differentiate a high or low price
Brooklyn’s job involves working on codes of ethics and making sure employees can report any violations of the code. Brooklyn’s human resource management specialty is ______.
A. training and development B. labor and industrial relations C. employee relations D. ethics and sustainability
Acme Co offers to buy 1000 widgets from Widget World Co The written offer provides for 1000 at $10 per widget, to be delivered May 1 . The offer has no other provisions. Widget World sends a written acceptance. However, the acceptance also states that if any claim arises under this contract, Widget World must be notified within 10 days. Acme does not object to this provision. Both parties are
merchants. Which of the following best describes this situation? a. No contract exists. The purported acceptance contains additional terms, so it is a counteroffer, which has not been accepted. b. No contract exists. The terms materially alter the original offer. c. A contract exists. The additional terms are not material, they are part of the contract. d. A contract exists, but the additional terms are not part of the contract no matter what.
In the context of critical thinking, a(n) assumption is a set of one or more claims that support a particular conclusion. _________________________
Answer the following statement true (T) or false (F)