The time value of money implies that one dollar today is worth more than one dollar tomorrow, due primarily to the opportunity cost of foregoing consumption today
Indicate whether the statement is true or false
TRUE
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Ryland is at the pinnacle of his career. He has always worked to increase diversity within the institutions that he worked, and last year his effort was recognized by naming him Vice President of Institutional Diversity. In this role, he exceeded goals set for recruitment and retention and leaders at all levels of the organization praised his efforts. Still, next year he hopes to achieve even higher goals. Ryland is operating at what level of Maslow’s hierarchy of needs?
A. actualization B. love/belonging C. safety D. physiological
Customer perceptions of the product's value set the floor for prices
Indicate whether the statement is true or false
Which of the following is true regarding the remeasurement of inventories upward to an amount exceeding their acquisition cost?
a. Acquisition cost leads to a more conservative measure of inventories and net income during the periods prior to sale. b. An increase in the market value of inventory likely permits the firm to raise its selling price. c. The firm realizes the benefit of that increase in the period of sale when the firm actually obtains a higher selling price. d. Both U.S. GAAP and IFRS delay recognition of any increase in inventory valuation in net income until the period of sale. e. all of the above
Which of the following is the best example of the marketing concept in action?
A. A student group wants to hold an awards banquet, so it buys Krispy Kreme donuts and sells them to friends who want to help the club achieve its objectives. B. A manufacturer of industrial chemicals adapts its formulas and goes after the big consumer cleaning market. C. An Internet retailer finds that shoppers are abandoning their shopping carts before checking out, so it promotes its $10 discount on each customer's first purchase. D. A cleaning supplies firm learns that many consumers are having trouble hiring maids, so it develops a plan to offer customers complete house cleaning services. E. A product manager tells her sales force, "The inventory in the warehouse must be sold if we are to make a profit, so redouble your sales efforts."