If a firm wishes to maximize profit, which of the following objectives are in conflict?
I. Maximize customer service.
II. Minimize production costs.
III. Minimize inventory costs.
IV. Minimize distribution costs.
A) I and III only B) II and III only C) I, II and III D) I and II only
C
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Lisa, a supervisor in a manufacturing firm, observes that her team members are always late. This annoys her so much that she wants to fire everyone in her team. However, she knows that this choice will be demoralizing. She rejects this alternative realizing that this will create a sudden need for hiring and training and probably will not impress her manager. Then, she remembers that she gave "timeliness awards" last year, but that did not stop the tardiness of her team members, so she rejects that alternative, as well. Finally, she recollects reading an article that recommends spelling out the consequences of tardiness and then letting the employees experience those consequences. She decides to try that approach. This is an example of the human compromise known as ________.
A. stereotyping B. simplicity C. bounded rationality D. personal perspective
The marketing mix should be left alone during the maturity stage of the product life cycle; tampering with it may bring an early death to the product.
Answer the following statement true (T) or false (F)
The Recreation and Parks Agency of the state government has six employees and is interviewing for a person to teach gymnastics and arts and crafts to 3-5 year olds. Ed, age 68, applies but is told he is too old. If he sues under the Age Discrimination in Employment Act, the agency's best defense would be:
A) it is not subject to the Act since it only has six employees. B) the Act only protects people from 40-66 years of age. C) Ed is not able to do gymnastics. D) this is not a salary dispute.
Tyron purchased a $2900 promissory note from Jared for the discounted amount of $2500. Tyron paid value, in good faith and without notice of any outstanding claims against this promissory note that read, "Pay to the order of Jared $2900 on July 1, 2009, for the purchase of a 2001 Ford Taurus provided no major problems with the car arise prior to said payment date." Tyron is a holder in due course
of a negotiable note. Indicate whether the statement is true or false