Any increased risk caused by the insured releases the insurer from liability
Indicate whether the statement is true or false
T
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A local restaurant sells lunch entrees for $7.95, $9.95, and $11.95. From this information, you can infer the restaurant uses which of the following?
A) price discrimination B) odd-even pricing and price lining C) dynamic pricing and price lining D) reference pricing and value pricing E) dynamic pricing and loss leader pricing
Jim just reached his 10-year anniversary with Acme Global. The company gave him a promotion and raise for being a loyal member of the organization. It appears Acme Global’s compensation philosophy is _______.
A. below-the-market B. at-the-market C. pay for longevity D. wage compression E. None of the above
In order to negate entropy, an organization must ______.
A. avoid general systems theory B. take positive action C. become self-sufficient D. avoid instability
A company that keeps no safety stock can expect an average service level of:
A) 50%. B) 85%. C) 15%. D) 0%. E) Safety stock does not affect the service level.