The difference between the values of the buyer and seller is referred to as the
A) value discrepancy.
B) spread.
C) bargaining surplus.
D) negotiation gap.
Answer: C
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Velocity Automobiles Inc. has recently launched a sedan with a biometric vehicle access lock. This feature provides better anti-theft protection than the current locks being offered by other sedans in its class. As a result, the demand for this model is higher than the others. In the context of a promotional strategy, the unique feature of the sedan exemplifies _____.
a. brand harmonization b. ?a touch point c. ?a competitive advantage d. ?product parity
Deductibles are not used in which of the following type of insurance?
A) life insurance B) health insurance C) property insurance D) disability income insurance
An internal rate of return (IRR) is the discount rate that
A) represents the minimal rate required to create a positive net present value. B) is the minimal rate of return an investor will accept. C) provides an investor with their required return. D) produces a present value of future benefits equal to the market price of a stock.
Which approach assumes that a deeper understanding of “human nature” and how people interact with one another will lead to more effective management?
a. Human relations approach b. Behavioral science approach c. Interaction approach d. Organizational-behavior approach