Page Litton likes to use her credit card to buy gas since she can defer payment for 30 days. However, she notices that her dealer charges 3 cents more per gallon than if she paid with cash
Page estimates paying about $1.00 a gallon for gas, and her monthly credit statement shows an APR of 18 %. Given this information, Page should
A)
continue using her card since the opportunity cost of paying in cash is less than 18% a year.
B)
pay with cash since its opportunity cost is about 36% a year.
C)
continue using her card, the effective cost of using cash is about 36% a year.
D)
you can't tell unless you know how much gas she will buy.
B
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Using the fixed-time-period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?
A. About 36.3 B. About 56.8 C. About 42.3 D. About 59.8 E. About 30.4
Goods and services ________
A) constitute two categories of products, along with ideas B) are exclusively promoted through public relations C) exist solely in a market economy D) are used only by consumers, not businesses E) are unlikely to be promoted in an MPR campaign
Learning curves are based on the premise that people and organizations become better at their tasks as the tasks are repeated
Indicate whether the statement is true or false
A misdemeanor is generally:
a. is not a crime b. can only involve the violation of a state, not federal, statute c. is an offense against the state that is not punishable by time in prison d. is an offense that does not involve bodily harm to another person e. none of the other choices are accurate