Which of the following statements is true of a socially responsible firm?
A. It increases the bargaining power of buyers.
B. It has high employee turnover.
C. It has an obligation to respect the needs of all stakeholders.
D. It emphasizesmaximizing shareholder value.
Answer: C
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A private business might develop a linear regression model to estimate future sales based on past experience.
Answer the following statement true (T) or false (F)
Social media allow marketers to have much more direct and meaningful conversations with customers
Indicate whether the statement is true or false a. True b. False
Your department hired a strategic planning consultant to restructure the workforce. However, you believe that the consultant added no value to the company and simply played back what you wanted to hear. You must write a letter to the president of the consulting company to discuss your dissatisfaction. Which of the following is the BEST approach to your letter?
a. Start with some facts about what the consultant was supposed to do. Enumerate what was done incorrectly. End with a pleasant message expressing your appreciation. b. Start with a statement about your dissatisfaction with the consultant. Continue with a list of things that the consultant did incorrectly. End with a direct statement about how worthless the consultant was. c. Start with some good things that the consultant did. Accentuate the positive and avoid as much negative information as possible. End pleasantly, saying that you hope you can do business again in the future. d. Start with some facts about what the consultant was supposed to do. Mention what the consultant did well, but also be clear about what the consultant did not do well. End with a pleasant message expressing the hope that the information you provided will assist the consulting company.
When both parties are mistaken as to the subject matter of a contract, which of the following is
true? A) Only the party injured by the mistake can rescind the contract. B) Either party can rescind the contract. C) Neither party can rescind the contract. D) Only the party who first discovers the mistake can rescind the contract. E) Either party can rescind the contract or recover damages from the other party.