Which of the following is the best example of a solo market exchange?
A. Sunil signs a service contract with a cleaning company.
B. Mariah purchases a box of cookies from a store while on vacation.
C. Tommy buys the same brand of toothpaste because he likes the way it tastes.
D. Jimmy buys a new suit from a tailor who visits his office every quarter.
E. Fred purchases an apartment from his friend who owns a construction company.
Answer: B
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Which of the following statements is CORRECT?
A. Time lines cannot be constructed where some of the payments constitute an annuity but others are unequal and thus are not part of the annuity. B. A time line is not meaningful unless all cash flows occur annually. C. Time lines are not useful for visualizing complex problems prior to doing actual calculations. D. Time lines can be constructed to deal with situations where some of the cash flows occur annually but others occur quarterly. E. Time lines can only be constructed for annuities where the payments occur at the end of the periods, i.e., for ordinary annuities.
A local hardware store offers flashlights at “3 for a dollar.” This action would indicate which of the following strategies?
a. psychological pricing b. skimming c. value-based pricing d. fair pricing
If demand for an item is normally distributed, we plan for demand to be twice the average demand and carry 2 standard deviations worth of safety stock inventory.
Answer the following statement true (T) or false (F)
What is team cohesion? List the factors affecting team cohesion.
What will be an ideal response?