Fay, age 17, ordered a pair of skis on the installment plan. She paid $20 every month until she turned 18, the age of majority. The next day, she sold them to Sharon and disaffirmed the contract. Fay is:
A) still liable since she had to disaffirm before her 18th birthday.
B) still liable because selling the skis amounts to a ratification.
C) not liable because she disaffirmed the contract.
D) not liable because skis are not necessaries.
B
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On-line transaction processing programs
a. are bolt-on programs used with commercially available ERPs. b. are available in two models–two-tier and three-tier. c. handle large numbers of relatively simple transactions. d. allow users to analyze complex data relationships.
Which behaviors should be avoided in a conflict?
A. ignoring emotions B. holding fast to one solution C. talking to third parties about the conflict instead of the other party D. all of these
The Winfield Distributing Company has maintained an 80% service level policy for inventory of string trimmers. Mean demand during lead time is 170 trimmers, and the standard deviation during lead time is 60 trimmers
The annual cost of carrying one trimmer in inventory is $6. The area sales people have recently told Winfield's management that they could expect a $400 improvement in profit (based on current figures of cost per trimmer) if the service level were increased to 99%. Is it worthwhile for Winfield to make this change?
Less savvy marketers frequently fall into one of two traps—overpromising or underpromising—when trying to _____.
A. overcome cognitive dissonance B. perform environmental scanning C. establish a limited partnership with customers D. achieve customer satisfaction