Strict liability theory has been frequently applied to the provision of services

Indicate whether the statement is true or false


FALSE

Business

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The relatively homogeneous and enduring divisions in a society, which are hierarchically ordered and whose members share similar values, interests, and behavior constitute ________

A) a culture B) a subculture C) a social class D) a family E) a group

Business

Asking a meeting member to play “devil’s advocate” is a strategy for ______.

A. keeping the meeting short B. avoiding groupthink C. encouraging harmony D. strengthening leadership

Business

When a person with some marketing training tries to convince the CEO and others to adopt marketing in a nonprofit, it is called a:

a. "pull" strategy b. "push" strategy c. target-audience centered strategy d. market based strategy e. a "functional design" strategy

Business

Consider the following conditions for an item used in the Hess Company's manufacturing process:

On-hand inventory: 40 units Open orders (scheduled receipts): 100 units Backorders: 60 units Reorder point: 100 units Quantity per order: 50 units Which of the following statements best describes Hess's situation regarding inventory replenishment? A) No action is required, since a scheduled receipt is due to be delivered to Hess. B) To cover its backorders, Hess should order two lots of 50 units. C) Because it is incurring backorders, Hess should increase its reorder point. D) Hess should place an order for 50 units, since the inventory position is less than the reorder point.

Business