Answer the following statements true (T) or false (F)
1. A cash discount typically lowers the average collection period of a firm.
2. When considering a potential customer, the firm should overlook the customer's credit history if the customer is purchasing a huge order.
3. When selecting marketable securities, the company should always select securities with longer maturities if they offer higher yields.
4. If a company would like to reduce its average collection period, it can either offer a cash discount or increase net terms.
5. Level production allows a company to reduce inventory and maximize efficiency as compared to seasonal production.
1. TRUE
2. FALSE
3. FALSE
4. FALSE
5. FALSE
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In a star topology, when the central site fails
a. individual workstations can communicate with each other b. individual workstations can function locally but cannot communicate with other workstations c. individual workstations cannot function locally and cannot communicate with other workstations d. the functions of the central site are taken over by a designated workstation
It is most accurate to say that channels of distribution provide which of the following?
A) time, place, and ownership utility B) promotion, product, and place utility C) time, place, and form utility D) promotion and form utility E) time and promotion utility
In the AEIOU model, what is meant by users?
a. the people whose needs and behaviors are being observed b. the people that are involved in the activity c. the nature of exchange between the person and something or someone else d. the physical items that people interact with
Nodes indicating points where a decision is made are known as _____ nodes.
A. decision B. chance C. unconditional D. conditional