If the price young couples are willing to pay increases by 50%, how many rooms should be reserved for corporate clients?
A) 17
B) 7
C) 4
D) 10
Answer: B
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The owner of a radio station in a rapidly growing community in central Texas is about to begin operations and must decide what type of program format to offer. She is considering three formats; rock, country, and rap. The number of listeners for a particular format will depend on the type of potential audience that is available. Income from advertising depends on the number of listeners the station has. Three broad categories of audience type can be described as A1, A2, and A3. The rock music format draws mainly for the A1 listener, the country music format draws mainly from the A2 listener and the rap music format draws mainly from the A3 listener. The station owner does not know which type of audience will dominate the community once its growth has stabilized. Probabilities have been
assigned to the potential dominant audience, based on the community growth that has already occurred in this area. Because she wants to begin building an image now, the decision as to which format to adopt must be made in an environment of uncertainty. The station owner has been able to construct the following payoff table, in which the entries are average monthly revenue in thousands of dollars. Audience FormatA1 A2 A3 Rock$ 110 $ 80 $ 70 Country$ 90 $ 120 $ 50 Rap$ 70 $ 60 $ 140 Probability0.3 0.5 0.2 What format is optimal? What is the expected profit in that case? What will be an ideal response?
Mac realizes that he needs to do something to increase Dennis’s job satisfaction. Mac decides to give Dennis a raise. Using Herzberg’s two factor theory, did Mac do the right thing to increase job satisfaction? Explain.
What will be an ideal response?
Which of the following is most likely to result in unfavorable public relations?
A. Congratulating someone for a special achievement B. Inviting someone to a highly-acclaimed art show and not letting them pay C. Thanking someone for his or her business D. Informing a customer that his or her claim is nonallowable
Ethical relativism holds that when any two individuals or cultures differ regarding the morality of a particular issue or action, they are both correct because morality is relative
a. True b. False Indicate whether the statement is true or false