The mode of transportation that is highly cost effective for bulky items but has relatively poor delivery speed is:
A) highway.
B) water.
C) rail.
D) air.
Answer: B
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Barre plans to sell 5,000 units each quarter next year. During the first two quarters each unit will sell for $12; during the last two quarters the sales price will increase $1.50 per unit. What is Barre's estimated sales revenue for next year?
A. $255,000. B. $244,000. C. $240,000. D. $270,000. E. None of the answers is correct.
Which of the following statements is true of an insurable interest in goods?
A. Sellers have an insurable interest in goods at the moment the goods are identified to the contract. B. Sellers have an insurable interest in their goods as long as they have title to the goods or a security interest in them. C. Buyers have an insurable interest in goods at the moment they pay for the goods. D. Buyers have an insurable interest in goods at the moment they get the title to the goods.
A survey of CEOs of the 162 largest firms on Fortune's list of the 500 largest American corporations found that the CEOs strongly believed that
A. international business skills and knowledge were important for promotion to senior executive positions but not for appointment to entry-level positions. B. all business students should major in international business. C. foreign language proficiency should be required of all business students. D. the importance of international business skills and knowledge for promotion to senior executive positions was higher for companies anticipating an increased level of importance of international activities in the next five years. E. an international orientation should be an important part of college business education, but only for those students planning to work internationally.
JIT and TQM are part of ______ certification.
a. ISO9000 b. ANSI9000 c. SAI9000 d. ASQ9000