Which of the following is NOT true about Social Security?

a. The purpose is to provide full retirement to almost all employees.
b. Employers and employees share the cost of contributions for the employees' benefit.
c. Self-employed individuals pay the full cost of contributions for their benefit.
d. Social security consists of four main programs: OASI, DI, Medicare, and SSI.


a

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A fundamental concept of the value chain is the _____

a. interrelationship among manufacturer, wholesaler, and retailer b. independence of all channel members c. notion that value is interpreted similarly by all final consumers d. notion that value is affected by price alone

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The acquiescence policy of the IRS extends to the

A) U.S. Supreme Court decisions. B) U.S. Tax Court regular decisions. C) U.S. District Court decisions. D) both B and C

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Until 1996, U.S. carmakers sent very few right-hand-drive cars to Japan while German car makers exported several models with the steering wheel on the right to accommodate the way the Japanese drive their cars on the left side of the road. American car manufacturers could blame their failure to a great degree on

A. poor product quality. B. incomplete market and product protocol. C. too little market attractiveness. D. an insignificant point of difference. E. not satisfying customer needs on critical factors.

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In a decision tree, caution should be used in the analysis because:

A) later stage decisions are probably riskier than earlier stages. B) negative NPVs should never occur. C) all real options must be included in the basic tree. D) failure and its probability should be ignored because they are irrelevant. E) early stage decisions are probably riskier than later stages.

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