As a firm fulfills its basic economic responsibilities, it must simultaneously
a) treat its employees equitably.
b) follow a code of business ethics.
c) utilize green marketing techniques.
d) have a philanthropic focus.
e) obey laws and regulations.
Answer: e) obey laws and regulations.
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David Company borrowed $550,000 on December 31, 2014. The loan will be paid with six equal annual payments of $115,388, beginning on December 31, 2015. The rate of interest compounded annually for the loan is most nearly equal to
A) 9%. B) 8%. C) 7%. D) 6%.
When a product is in the maturity stage, the company should most likely consider ________
A) harvesting the product or market B) modifying the product, market, or marketing mix C) divesting the product line D) liquidating the firm's assets E) dropping the product from its market offerings
Which component of the supply chain decision-making framework would be established first?
A) Customer strategy B) Supply chain strategy C) Supply chain structure D) Competitive strategy
Use the information in Table 5.1. Using the bottleneck method, what is the optimal product mix (consider variable costs only–overhead is not included in this profit calculation)?
A) 71 A, 80B, 80C, 80 D B) 80A, 72B, 80C, 80D C) 80A, 80B, 60C, 80D D) 80A, 80B, 80C, 70D