______ is an economic term used to describe a situation where a firm’s assets are highly specialized and, therefore, cannot easily be sold to other buyers in another industry.
a. Asset specificity
b. Asset allocation
c. Asset dominance
d. Asset toxicity
a. Asset specificity
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Global brands perform best with:
A) highly visible products, such as clothing and furniture B) high-profile, low-involvement products C) high-profile, high-involvement products D) low-involvement everyday products
Keep-it-Cool Products Inc manufactures a medium-sized drink cooler. On June 30, the company had 800 coolers in inventory. The company's policy is to maintain a cooler inventory equal to 5% of next month's expected sales. The company expects the following sales activity for the third quarter of the year: July 16,000 coolers August 25,000 coolers September 10,500 coolers How many coolers should be
produced in August? A) 24,275 coolers B) 25,725 coolers C) 25,525 coolers D) 23,225 coolers
Cassandra accepts what she believes was an offer to work for Destination Vacations, Inc., as a chef. In determining whether a contract has been formed, an element of prime importance is
A. the condition of the workplace. B. the duration of the work. C. the intent of the parties. D. the subject of the contract.
________ cannot be a designated life insurance beneficiary
A) The insured's estate B) A business corporation C) The insured D) None of the above