The outcomes that result given the actual decision made and the state of nature that occurs are referred to as ______.
A. consequences
B. states of nature
C. payoffs
D. decision alternatives
A. consequences
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A ________ process recognizes the value of returning to an earlier stage to make improvements before moving forward
A) spiral development B) reactive development C) market testing D) proactive development E) concept testing
An extension of equity theory is the idea that some individuals are more equity sensitive than others. ______ are more tolerant of situations in which they are underrewarded.
A. Entitleds B. Benevolents C. Egalitarians D. Equity sensitives
Maywood Company sells hand-knit scarves
Each scarf sells for $40. The company pays $60 to rent vending space for one day. The variable costs are $15 per scarf. How many scarves should the company sell each day in order to break even? (Round your answer up to the nearest whole scarf.) A) 2 scarves B) 3 scarves C) 20 scarves D) 4 scarves
To help determine whether your business will be profitable, calculate the ________.
A. difference between the costs and profits for one unit B. economics of one unit C. cost of goods sold D. marginal cost of one unit