Business Week reports that firms using mission statements have a ________ percent higher return on certain financial measures than those without such statements.

A) 10
B) 15
C) 30
D) 45
E) 50


Ans: C) 30

Business

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A market-penetration pricing policy should LEAST likely be used for a new product when ________

A) the market is highly price sensitive B) production and distribution costs fall as sales volume increases C) the product's quality and image support a high price D) a high price helps keep out the competition E) there are few or no competitors in the market

Business

A poker player is considering three different options after his opponent bet 200 before him. If the player folds, he will lose instantly. If the player calls, he figures he will win half the time

If he raises, he figures that the opposing player will not re-raise him, but rather will either call or fold. He figures the opposing player will call only ¼ of the time, folding the other ¾ of the time. If the opposing player calls his raise, he figures he will never win. The pot size is 1,000 (including the opposing player's bet). a. Draw a decision tree for this scenario including the information provided in part b. b. Suppose that the player is thinking of raising to $400 (he will put in 200 to match the opponent's bet and another 200 as a raise, his opponent would then have to put in 200 more to call the raise). Is this the best option or should he instead call or fold? c. At what raise size is the player's EMV of a raise equivalent to simply calling?

Business

A commercial for a weight-loss program that explains that the customer pays only one dollar for every pound he or she wants to lose but specifies in fine print that the cost of meals is extra exemplifies ____ advertising.

A. unfair B. illegal C. deceptive D. push E. pull

Business

As the result of a 2012 court case, retailers may now add a surcharge to customers' bills for using a credit card.

Answer the following statement true (T) or false (F)

Business