The decision to use independent agents or a company sales is determined based on  ________.

A. strategic flexibility
B. organizational learning
C. psychographic segmentation
D. database mining
E. institutional cost


Answer: A

Business

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A group of states that have reduced or eliminated trade barriers among themselves but maintain their individual tariffs in dealing with other states is called ________

A. a customs union B. a free trade area C. the United Nations System D. an economic consultative association

Business

Flanders Bar and Grill orders cleaning supply kits using the EOQ model. The restaurant estimates that it uses 525 kits per year. The purchase price per kit is $12 with an estimated carrying cost rate of 15%. The cost to place an order from the kit supplier is $10. What is the average inventory level that the restaurant should expect?

a. 212.5 b. 76.4 c. 525 d. 38.2

Business

____ specifies what will be accomplished, while ____ specifies who will accomplish what and how it will be accomplished.

a. Organizational strategy, organizational structure b. Organizational structure, organizational strategy c. Organizational objective, organizational directive d. Organizational planning, organizational delegation

Business

To avoid liability for negligence, a business owner must protect its customers against all risks

Indicate whether the statement is true or false

Business