Who from the following list would be considered a speculator by entering into a futures or options contract on commodities?
A) Farmer
B) Corn delivery truck driver
C) Food manufacturer
D) None of the above
B
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Which of the following statements is most likely true about unsought products?
A) Unsought products are consumer products and services that customers buy frequently. B) Marketers use aggressive advertising to convince consumers to buy unsought products. C) Unsought products are typically purchased for further processing by industrial manufacturers. D) Compared to convenience products, unsought products are purchased more frequently. E) Unsought products offer many unique characteristics to status-conscious consumers.
Viral marketing is most closely related to which of the following?
A) buzz building B) personal selling C) shilling D) public relations E) direct marketing
If the incremental costs for a special order of 8,000 units are $5,600 and the company would like to earn a minimum of $1,600 profit from the order, the minimum bid price would be
A) $0.45 per unit. B) $0.70 per unit. C) $0.90 per unit. D) $1.80 per unit.
Which of the following is a true statement regarding actuarial funding?
a. Actuarial funding applies to both defined benefit and defined contribution plans. b. Given the same set of plan conditions and actuarial assumptions, each different actuarial funding model derives the same funding pattern over time. c. Given the same set of plan conditions and actuarial assumptions, each different actuarial funding model builds up a pension fund to the same future balance. d. Actuarial funding is synonymous with terminal funding.