In some markets, competitors live in relative harmony
Indicate whether the statement is true or false
TRUE
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The main trait of a single-period model is that:
A) inventory has limited value after a certain period of time. B) it has the largest EOQ sizes. C) the order quantity should usually equal the expected value of demand. D) supply is limited. E) the cost of a shortage cannot be determined accurately.
Two factors that go into the determination of the appropriate order point are the deliver-time stock
and the safety stock required. Indicate whether the statement is true or false
The sole proprietor’s liability for the actions of his or her employee is best described as which of the following:
A. A sole proprietor is never responsible for torts committed by the sole proprietor’s employee. B. A sole proprietor is responsible for actions taken by an employee while the employee is acting on behalf of the employer in the normal course of business. C. Both the sole proprietor and the employee may be liable for torts committed by the employee. D. Both B and C.
Explain the use of real and nominal discount rates in discounting cash flows. Which is used more often and why?
What will be an ideal response?