Which of the following accurately describes the responsibility of a corporate board of directors?
A) Exerting considerable influence by using the media to call attention to their positions
B) Helping the company get the expertise they lack from other companies
C) Ensuring the firm is run to best serve the stockholders' interests
D) Gaining legal property rights to the business by buying stock
E) Protecting the public from certain business practices or to protect organizations from one another
C
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Which of the following pricing objectives is appropriate when customers have not been persuaded that significant differences exist among the competitors and that they view the product as a commodity?
A) investment pricing B) pricing for stability C) competitive pricing D) prestige pricing
________ occurs if two or more persons commingle fungible goods
A) Confusion B) Accession C) Bailment D) Easement
There are two ways to correct for projects with unequal lives when using the NPV approach. Which of the answers below is one of these ways?
A) One way is to find a common life, without the need to extend the projects to the least common multiple of their lives. B) One way is to find the present value factors and then compare them. C) One way is to compare the lengths of the projects and take the project with the shortest life. D) One way is to find a common life by extending the projects to the least common multiple of their lives.
American Express pioneered the concept of Six Sigma as an approach to measuring product and service quality
a. True b. False Indicate whether the statement is true or false