The principal's action's, and not the agent's, are those that bind the principal in an apparent agency
Indicate whether the statement is true or false
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What type of consumer decision making is most likely to be used when the importance of a purchase to a customer is very high?
a. routine decision making b. limited decision making c. extended decision making d. brand loyalty
The historical approach to job design that shows the value of using teams in most modern organizations is called:
a. Scientific management b. Sociotechnical systems theory c. Hawthorne effect d. Total quality management e. Quality of work life theory
Net present value is being used to break the tie among four otherwise equal projects. If the interest rate is 4%, which of these anticipated four-year flows would yield the greatest net present value?
A) $10,000 in year 1; $11,000 in year 2; $12,000 in year 3; and $13,000 in year 4 B) $13,000 in year 1; $12,000 in year 2; $11,000 in year 3; and $10,000 in year 4 C) $10,000 in year 1; $10,000 in year 2; $13,000 in year 3; and $13,000 in year 4 D) $11,000 in year 1; $11,000 in year 2; $12,000 in year 3; and $12,000 in year 4
Sam the Vet is running a rabies vaccination clinic for dogs at the local grade school. Sam can vaccinate a dog every 3 minutes
It is estimated that the dogs will arrive independently and randomly throughout the day at a rate of 1 dog every 6 minutes, according to a Poisson distribution. Also assume that Sam's vaccinating times are exponentially distributed. (a) Find the probability that Sam is idle. (b) Find the proportion of time that Sam is busy. (c) Find the average number of dogs receiving or waiting to be vaccinated. (d) Find the average number of dogs waiting to be vaccinated. (e) Find the average time a dog waits before getting vaccinated. (f) Find the average amount (mean) of time a dog spends between waiting in line and getting vaccinated.