To refinance is to pay off an original mortgage and obtain a new one at more favorable terms.
Answer the following statement true (T) or false (F)
True
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Answer the following statements true (T) or false (F)
1. Placement describes where a product or service gets located in the marketplace. 2. According to the mutuality principle, marketers are obligated to sell products for the lowest price possible. 3. In the Robin Hood Effect, managers offer something extra to wronged employees. 4. All managers carry out some human resource functions. 5. Interactional justice is particularly important when selecting employees.
Customers at an amusement park arrive at the rate of 10 customers per hour. The entry booth is staffed by one employee. The mean service time at the booth to provide service to each customer is 5 minutes. The arrival rate follows a Poisson distribution, and the service time at the booth follows a negative exponential distribution. It is estimated that the cost of customer waiting time associated with dissatisfied customers and loss of goodwill is $15 per hour. The employee at the service booth is paid $10 an hour. Determine the total expected cost per day for the waiting line system. Assume total hours of operation as 10 hours per day.
a. $725 b. $625 c. $500 d. $100
Which of the following is NOT be included as equity in a corporate balance sheet?
A) Paid in capital B) Cash C) Common stock D) Retained earnings
A surgeon is involved in a $3 million malpractice suit. He can either settle out of court for $750,000 or go to court. If he goes to court and loses, he must pay $2,500,000 plus $500,000 in court costs. If he wins in court the plaintiffs pay the court costs. Identify the actions of this decision-making problem
a. Two choices: (1) go to court and (2) settle out of court. b. Two choices: (1) win the case in court and (2) lose the case in court. c. Four consequences resulting from Go/Settle and Win/Lose combinations. d. The amount of money paid by the doctor.