______ is based on the idea that because the future is unpredictable yet controllable and that entrepreneurs can affect the future.


a. Control
b. Experimentation
c. Effectuation
d. Entrepreneurship


c. Effectuation

Business

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Use the information in Table 10.1. What would be the total plan cost if no more than five units each could be made each month by part-time, overtime, and subcontracted workers?

A) $4,920 B) $4,822 C) $4,775 D) $4,550

Business

The Carriage of Goods by Sea Act incorporated the York-Antwerp Rules into US law

Indicate whether the statement is true or false

Business

Using the periodic review system the target level is:

A) forecast demand during the review period. B) forecast demand during lead time. C) the sum of A and B. D) the sum of A and B plus the safety stock. E) none of the above

Business

________ means setting a fair price level for a marketing mix that really gives the target market superior customer value.

A. Status quo pricing B. Consumer surplus C. Target pricing D. Uniform pricing E. Value pricing

Business