An empty airline seat cannot be held as inventory and sold at a later time. This is an illustration of which of the following statements?
A. Services cannot be inventoried.
B. Services have low demand volatility.
C. Services require skilled labor.
D. Capacity required for services is hard to predict.
A. Services cannot be inventoried.
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Which of the following is one of the Big 5 personality dimensions?
A. Dependability B. Tolerance for ambiguity C. Openness to change D. Agreeableness E. Openness to extremes
The rate of return on total assets measures a company's ________.
A) ability to meet its short-term obligations B) ability to repay its long-term debt C) success in using assets to earn income D) success in earning high returns on investments in stocks and bonds of other companies
Dabney Inc has a favorable direct labor efficiency variance. Which of the following would be the most likely reason for this variance?
A) The company used lower-paid workers in the production process more than they had expected. B) Employees took a shorter amount of time to produce the product than expected. C) The company used a standard direct labor rate that was too low. D) Employees used less direct materials in the production process than expected.
Regarding product life cycles, good marketing managers know that
A. any product modification results in a new-product life cycle. B. a firm's product can be withdrawn before its related product life cycle is over. C. any new brand must start off in the market introduction stage. D. product life cycles cannot be extended. E. All these answers are correct.