Mallory's sister Naomi gives Mallory a leather working kit for Christmas. Mallory uses the kit to make a saddle. Mallory's acquisition of the saddle is by
a. gift.
b. accession.
c. confusion.
d. production.
D
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Answer the following statements true (T) or false (F)
1. The idea that two or more forces combined create an effect that is greater than the sum of their individual effects is called syncretism. 2. Right Office Equipment continually talks with customers after they purchase their products, and Right Office managers regularly visit customers to gather feedback on new products, product improvements, and how Right Office can better serve its customers. This is an example of an open system. 3. When Mr. Jones, the owner of a local hardware store, asks one of his lawnmower suppliers about the total ability of their product to meet customer needs, he is questioning the quality of that mower. 4. A-Plus Manufacturing has a policy of using statistical sampling to locate errors by testing just some (rather than all) of the items in a particular production run. This strategy of minimizing errors is known as synergy. 5. A local furniture retailer routinely develops and acquires new knowledge, and the employees communicate what they learn to other employees, so the company is able to modify its behavior to reflect what they have learned. This organization is an example of a learning organization.
Which of the following would be best when giving a sales presentation to a prospect with a feeler personality?
A. Provide ample facts and data B. Be brief and to the point C. Use a formal outline D. Maintain a personal note E. Emphasize time limitations
What separates a powerful strategy from a run-of-the-mill or ineffective one?
A. management's ability to forge a series of actions, both in the marketplace and internally, that sets the company apart from rivals and produces sustainable competitive advantage B. whether it allows the company to maximize shareholder value in the shortest possible time. C. the speed with which it helps the company achieve its strategic vision D. the proven ability of the strategy to generate maximum profits E. the ability of the strategy to keep the company profitable
What is the expected value with perfect information in the following decision table?
States of Nature Alternatives S1 S2 p .6 .4 Option 1 200 300 Option 2 50 350 A) 50 B) 200 C) 260 D) 300 E) 350