It is important to recognize that risk does not go away just because we ignore it or pretend that it isn't there. In fact, how often is risk present even when we don't know about it?
A) 50/50
B) Never
C) Always
D) Only when we put ourselves in a risky situation
E) Only in public
C) Always
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In 2016, Baloga Heating Company sold 400 water heaters for $350 each. The water heaters carry a 2-year warranty for repairs. Baloga estimates that repair costs will average 2% of the total selling price. How much is recorded in the warranty liability account as a result of selling the water heaters during 2016?
a. $4,200 b. $2,800 c. $1,400 d. No liability should be recorded until the water heaters are brought back for repairs.
The last customers to adopt a new product or service are called ________
A) early adopters B) early majority customers C) late majority customers D) laggards E) innovators
Organizations can achieve competitive advantage if they are powerful enough to _____ suppliers to their mode of operation or buyers to their product.
Fill in the blank(s) with the appropriate word(s).
A "do-feel-learn" response sequence is considered appropriate when the audience has high involvement but perceives little or no differentiation within the product category
Indicate whether the statement is true or false