You are considering a sales job that pays you on a commission basis or a salaried position that pays
you $50,000 per year. Historical data suggests the following probability distribution for your
commission income.
Which job has the higher expected income?
Commission
Probability of
Occurrence
$15,000 .15
$35,000 .20
$48,000 .35
$67,000 .22
$80,000 .18
A) The salary of $50,000 is greater than the expected commission of $48,400.
B) The salary of $50,000 is less than the expected commission of $52,720.
C) The salary of $50,000 is less than the expected commission of $50,050.
D) The salary of $50,000 is greater than the expected commission of $49,630.
D
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Herbert and Evita are planning to open a quick copy center near the local college. They will make both cash and credit sales. They will hire college students to make copies and to operate the cash register. Either Herbert or Evita will act as manager
during most hours that the business will be open. One student will be designated as assistant manager when they cannot be present. Describe procedures that Herbert and Evita might use to provide adequate internal control over cash and credit sales and bank deposits.
Direct investment in international marketing refers to
A. having a company handle its own exports directly, without intermediaries. B. contracting with a foreign firm to manufacture products according to certain specifications. C. offering the right to a trademark, patent, trade secret, or similarly valued items of intellectual property in return for a royalty or fee. D. a national market-entry strategy that entails a foreign company and a local firm investing together to create a local business. E. a global market-entry strategy that entails a domestic firm actually investing in and owning a foreign subsidiary or division.
__________refers to communication by marketers that informs, persuades, and reminds potential buyers of a product in order to influence an opinion or elicit a response
Fill in the blanks with correct word.
While making a quantitative data design, a researcher must stop all qualitative judgments
Indicate whether the statement is true or false