Using the odd-even psychological pricing strategy, a restaurant would price an entree at $10.00 rather than $9.95
Indicate whether the statement is true or false.
Answer: FALSE
Explanation: Odd-even pricing posits that consumers prefer prices that are not stated in even dollar amounts, so the restaurant would price the entree at $9.95, not $10.00.
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Martin, who wants to sell a house he owns, authorizes his concierge, Wilhelm, to find a potential buyer, and finalize a deal above a stipulated price Wilhelm contracts Chris, a real estate broker, and instructs him to only find a potential buyer and send them over to Wilhelm for the sale. Martin then contracts ReNowait Goodhouses, a home improvement company to renovate the house. ReNowait completes its work and Martin pays them. Chris then searches for a suitable buyer and finds one in George. George buys the house and Chris is paid for his services. Who performs the role of the agent in this land sale transaction?
A) Wilhelm B) Martin C) Chris D) George
Which of the following best explains the parol evidence rule?
A) A court will accept evidence of any oral statement that changes or contradicts the terms of a written contract. B) A court will not accept evidence of any oral statement that changes or contradicts the terms of a written contract. C) A court will examine an oral statement made concerning the contract and decide which part to believe. D) A court will examine a statement made in negotiating the contract in determining misrepresentation. E) A court will only accept an oral statement as evidence if there are circumstantial guarantees of its trustworthiness.
The percent-of-sales method to prepare a pro forma income statement assumes a firm has no fixed costs. Therefore, the use of the past cost and expense ratios generally tends to ________ profits when sales are increasing
A) accurately predict B) overstate C) understate D) have no effect on
What is a self-JOIN?
What will be an ideal response?