Meeting the competitive price often makes sense for a firm in an oligopoly situation, because setting a price above the market will usually result in a large loss of sales it might have gotten at the competitive price.
Answer the following statement true (T) or false (F)
True
To raise prices might lead to a large loss in sales, and cutting prices would probably lead to similar reductions by competitors-downward along an inelastic industry demand curve. Hence, meeting competition may be the only sensible policy.
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A $100,000 bond issue with a carrying value of $103,000 is called at 101 and retired. The entry to record the retirement of bonds would be:
a. Bonds Payable 101,000 Loss on Retirement of Bonds 2,000 Cash 103,000 b. Bonds Payable 100,000 Unamortized Bond Premium 3,000 Cash 101,000 Gain on Retirement of Bonds 2,000 c. Bonds Payable 100,000 Loss on Retirement of Bonds 3,000 Cash 103,000 d. Bonds Payable 103,000 Cash 103,000
Supreme Motors, a car manufacturer in the United States, decides to move to Delaware to avoid a hostile takeover bid. Delaware is known to have strong antitakeover laws. Which of the following defense strategies is Supreme Motors using?
A) scorched-earth policy B) porcupine provision C) white knight D) shark repellent
Answer the following statement(s) true (T) or false (F)
1. The characteristics of effective intercultural interaction in a management context can be summarized as good personal adjustment, development, and maintenance of good interpersonal relationships with culturally different others, and the effective completion of task-related goals.
Refer to the table. If a second server was added with the same service rate, what would be the revised utilization factor of the system?
A) 70% B) 50% C) 49% D) 35% E) 25%