A company’s response to a failure of its customer service is __________.

What will be an ideal response?


Service recovery

Business

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The cash basis of accounting commonly increases the comparability of financial statements from period to period.

Answer the following statement true (T) or false (F)

Business

You are a consultant specializing in estimating the costs after the employees learn how to do a job more efficiently by repetition. Your client can produce a product the first time at a cost of $2,500. If their 65 percent learning curve allows them to reduce their costs on each product, what is the total cost of producing 400 units of the new product?

A. $100,000 B. $45,765 C. $58,600 D. $78,900 E. $37,850

Business

In groupthink, certain members take it upon themselves to protect the leader from dissenting opinions. This symptom is called ______.

A. illusion of unanimity B. self-censorship C. self-appointed mindguards D. collective rationalization

Business

An efficient algorithm for finding the optimal solution in a linear programming model is the:

a. spreadsheet method b. solution mix method c. complex method d. simplex method

Business