The law of one price says that
A. only one price can be charged for an item in a contract deal.
B. even in international markets, bait and switch is illegal.
C. in an efficient market, like goods will have like prices.
D. in an efficient market, one price only is the permissible price.
Answer: C
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During a meeting, Tammy, a branch manager for USA Bank, pointed to the corporate organization chart on the wall. Tammy remarked that "These people provide advice, recommendations, and research for us, and they are indicated with a dotted line. Laura (our CEO) and the vice presidents of our organization are up here, indicated on the organization chart by a solid line vertical line." _______ are indicated on the organization chart by a solid line ____, and ______ are indicated by a dotted line.
A. Line managers; temporary personnel B. Line managers; personnel in training C. Staff personnel; vital personnel D. Line managers; part-time personnel E. Line managers; staff personnel
The group within an organization that is responsible for monitoring and evaluating the internal control system is called:
a. the audit committee. b. the internal audit staff. c. the board of directors. d. the accounting staff.
According to the text, when do the worst kinds of informative presentations occur?
What will be an ideal response?
Management at Pepman has decided to switch from a push system to a pull system of manufacturing. They are a large repetitive manufacturer of bicycles. Which one of the following is most likely to occur?
A) The cycle time will increase, resulting in higher inventory levels. B) The space required will increase due to the increase in the number of units that require rework. C) The decrease in WIP inventory levels will reduce the space requirements. D) The workers at any given process will produce units before they are needed by the subsequent process.