In Chinese culture, the personal connections with appropriate authorities or individuals is termed
A. Quid pro quo.
B. Feng shui.
C. Bribery.
D. Nepotism.
E. Guanxi.
Answer: E
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Which term refers toa pricing policy whereby a firm charges a high introductory price, often coupled with heavy promotion?
A. Price skimming B. Penetration pricing C. Status quo pricing D. Sales maximization
Cash received on account affects
a. cash and accounts payable; b. cash and accounts receivable; c. accounts receivable and revenue; d. accounts receivable and accounts payable; e. cash and owner's equity.
Which of the following is an example of a fixed cost for a bridal gown shop?
A. The cost of the mannequin used to display current gowns B. The cost associated with dying the shoes to match the bridesmaids' dresses C. The cost associated with the layaway of variously priced gowns D. The services of the seamstress to fit each gown E. The cost associated with a generous return policy
This is a manufacturing method in which basic parts and components of a product are kept in stock and assembled to the customer’s requirements.
A. make-to-order B. engineer-to-order C. assemble-to-order D. make-to-stock