The result of an inventory stockout usually results in
A. an increase in inventory costs.
B. an increase in lost sales.
C. an increase in net profit.
D. an increase in loyal customers.
E. a decrease in prices.
Answer: B
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According to the text discussion, which of the following is the most likely result of applying your own cultural practices and beliefs to a situation involving someone from another culture?
A. Effective communication B. Customer satisfaction C. Business growth D. Poor service
The norm stage of team development is when the team begins to evaluate its performance
Indicate whether this statement is true or false.
Answer the following statements true (T) or false (F)
1. Leaders manage and managers lead, but the two activities are not synonymous. 2. One's power comes as part of one's job; it is the right to perform or command. 3. Reward power results from managers' authority to punish their employees. 4. Employees who are having computer problems at TravelWorld go to Amy rather than the IT department because she is efficient and considerate about helping out and is extremely knowledgeable. Amy has expert power.
Answer the following statements true (T) or false (F)
1.Bonded warehouses and foreign trade zones have the effect of allowing domestic importers to prorate their input duties over time. 2.A country whose imports of a product constitute a very small portion of the world market supply of that product is a price taker. Thus, this country faces a constant world price for the imports of this product. 3.Graphically, consumer surplus is the area above the demand curve and below the product's market price. 4.Producer surplus is the revenue producers receive over and above the minimum necessary for production. 5.For a "small" country, a tariff raises the domestic price of an imported product by the full amount of the tariff. a. True