Tom, the production manager at Esday, was told by his supervisor to hire Elton, a 15-year-old boy, to operate an industrial machine. Hiring the 15 year old violates the child labor laws. What should Tom do in this situation?
A) Tom should hire Elton; he has a duty to obey Esday's instructions.
B) Tom should hire Elton; he has a duty of care to ensure that the government does not discover that Elton is 15 years old.
C) Tom should not hire Elton; he has a duty of care and he would not be caring for Elton.
D) Tom should not hire Elton; he has a duty to obey Esday's instructions only if they are legal and ethical.
D
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Which combination of ratios will best analyze Stetson's income statement performance?
a. Earnings per share, gross profit, and profit margin ratio b. Gross profit ratio, return on common stockholders' equity ratio, debt-to-equity ratio c. Debt-to-equity ratio, gross profit ratio, and profit margin ratio d. Current ratio, gross profit ratio, and return on common stockholders' equity ratio
As a vendor, Melissa works well with a buyer she's known for years at Dream Toys. This year, Melissa's line of toys had a few products that sold poorly, and it is now time to show the Dream Toys' buyer the next holiday season's product line. Melissa knows the Dream Toys' buyer will be a hard negotiator. What should Melissa be prepared to do?
A. Provide markdown money. B. Suggest pulling out of Dream Toys for a season to strategize and reinvent. C. Provide the Dream Toys buyer with a vacation package. D. Advise that Dream Toys can sell the products at lower prices, but maintain the original prices at other retailers. E. Suggest selling the toys for another season giving consumers time to acclimate to the products.
Most companies adopt ABC in order to
A. cut costs. B. help make product mix decisions. C. get a more accurate price of products. D. all of the above are correct.
How have social media tools most likely affected personal selling?
A) reducing the use of person-to-person selling efforts B) increasing the costs of selling products and services C) changing the basic fundamentals of interpersonal selling D) increasing the number of product reports given to customers E) slowing the sales-force response rate to customers' problems