If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co) is $360, which of the following is the probability of the last unit being sold?
A. Greater than 0.90
B. Greater than 0.25
C. Greater than 0.85
D. Greater than 0.75
E. None of these
Answer: D
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The following headings for two reports are not parallel and will not be effective points in a basic outline. Rewrite the headings to make them parallel talking heads. Then, develop a basic outline with a heading for each factor based on the revised talking heads. ? Report 1: Organize Your Finances; Budget; Insurance is Important; You Need a Will; Emergency Savings is Necessary Report 2: Healthy Food is Good for You; Get Regular Exercise; Stress Reduction
What will be an ideal response?
The process whereby individuals decide whether, what, when, where, how, and from whom to purchase goods and services is _____
a. commercial search b. consumer behavior c. marketing research d. outshopping
Howard Lumber Company mistakenly classified a product cost as an expense that totaled $20,000. The company produced 2,000 units of product and sold 1,000 of them during the year. Management is paid a bonus equal to 2% of net income. In the year in which the mistake was made:
A. the company's net income was overstated. B. the company's income statement portrayed a more favorable position than actually existed. C. product costs were overstated. D. management bonuses were underpaid.
The intercultural negotiation process steps include
a. location, agenda, preliminary statements, and conflict perspectives. b. implementation, contract, solutions to issues, and location. c. social expectations, conflict perspectives, location, and agenda. d. strategies, location, and tactics.