Tangles Costume Jewelry offers slightly lower quality merchandise than competitors at a much lower price. What strategy is Tangles using?
A. cost-leadership
B. differentiation
C. product diversification
D. niche marketing
Answer: A
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Which of the following is not a potential disadvantage of using cloud computing to host an organization's ERP?
A. Uncertainty about the data security of sensitive information hosted offsite. B. Uncertainty about the adequacy of the host's processing speed and availability. C. Reduced internal processing and storage needs for the organization. D. Requires a reliable Internet connection.
The University of Michigan studies explored how leadership functioned in ______.
A. organizations B. follower interactions C. dyadic relationships D. small groups
Which of the following statements is CORRECT?
A. Since accounts payable and accrued liabilities must eventually be paid off, as these accounts increase, AFN as calculated by the AFN equation must also increase. B. Suppose a firm is operating its fixed assets at below 100% of capacity, but it has no excess current assets. Based on the AFN equation, its AFN will be larger than if it had been operating with excess capacity in both fixed and current assets. C. If a firm retains all of its earnings, then it cannot require any additional funds to support sales growth. D. Additional funds needed (AFN) are typically raised using a combination of notes payable, long-term debt, and common stock. Such funds are non-spontaneous in the sense that they require explicit financing decisions to obtain them. E. If a firm has a positive free cash flow, then it must have either a zero or a negative AFN.
A population consists of 500 elements. We want to draw a simple random sample of 50 elements from this population. On the first selection, the probability of an element being selected is
a. 0.100 b. 0.010 c. 0.001 d. 0.002