All of the following factors directly affect the elasticity of demand EXCEPT:
A. other uses of a product
B. inputs needed to manufacture the product
C. availability of substitute goods
D. price relative to a consumer's purchasing power
E. product durability
Answer: B
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Frederick W. Taylor developed which management theory?
A. volunteer service B. expectancy theory C. general management D. scientific management
From the perspective of an account holder, a savings account is a liability with interest.
Answer the following statement true (T) or false (F)
Which of the following is NOT true of a fixed-position layout?
a. The product remains stationary in the plant. b. The resources are brought to the product’s location. c. It works well for project-type processes such as shipbuilding. d. It is also referred to as a straight-line layout.
When the forward rate is equal to the expected future spot rate, the forward rate is said to be ________ the future spot rate
A) an information signal for B) an unbiased predictor of C) a hedge for D) in parity with the expected future spot rate