The iceberg metaphor shows that many customers try to negotiate on price because:
A) price is often inflated to attempt to maximize profits for the company
B) price is the most easily quantifiable characteristic of any product
C) they were trained to negotiate on price and price alone
D) they feel that they are not fulfilling their duties as buyers if they do not attempt to get lower prices
E) they do not realize that other factors, such as service and terms, can be more important to long-term satisfaction
E
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Which of the following would be an example of cash outflows from investing activities?
a. cash paid for new equipment; b. cash paid for inventory; c. cash paid for dividends; d. cash paid for interest on a mortgage; e. cash paid for income taxes
How will the change in Accrued Liabilities be shown on the statement of cash flows?
Colorado Company uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet:
A) as an addition to Net Income
B) as a deduction from Net Income
C) as a deduction from operating cash flows
D) as an addition to investing cash flows
Which one of the following is NOT part of Maslow’s hierarchy of needs?
a. Physiological b. Safety c. Psychological d. Esteem
Lorraine works for a company that does not pay very well. She relies heavily on extra paychecks that her company gives out a couple of times a year. She works hard to secure her extra checks. Lorraine is getting what type of extrinsic reward?
a. Merit pay plan of individual-level performance-based pay b. Profit sharing plan of team- and organization-level performance-based pay c. Bonus pay plan of individual-level performance-based pay d. Gainsharing plan of team- and organization-level performance-based pay