For businesses, consumer penalties are part of doing business in a highly competitive marketplace.
Answer the following statement true (T) or false (F)
True
Consumer penalties refer to the extra fees paid by consumers for violating the terms of a purchase agreement. For companies, consumer penalties are part of doing business in a highly competitive marketplace. Airlines often charge a fee for changing a return date on a ticket.Businesses impose consumer penalties for two reasons: they will allegedly (1) suffer an irrevocable revenue loss and/or (2) incur significant additional transaction costs should customers be unable or unwilling to complete their purchase obligations. See 19-9: Tactics for Fine-Tuning the Base Price.
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The statement of stockholders' equity ________.
A) reports the number of shares and any changes during the year in preferred, common, and treasury stock B) is required to be presented along with the statement of retained earnings C) is not required by IFRS D) does not show the changes to the Retained Earnings account because that information is provided in the statement of retained earnings
Reference groups refer to
A. those with whom a person does not wish to be a member of or identified with. B. people to whom an individual looks to as a basis for self-appraisal or as a source of personal standards. C. those buyers who, through the size of their purchases, affect where marketing dollars will be spent. D. the relatively permanent, homogeneous divisions in a society that consists of people who share similar values, interests, and behaviors. E. individuals who exert direct or indirect social influence over others.
If a financial manager earning interest on a future date were to buy Futures and interest rates end up going up, the position outcome would be:
A) Futures price falls; short earns a profit. B) Futures price rises; short earns a loss. C) Future price falls; long earns a loss. D) Futures price rises; long earns a profit.
If the probability of a number of people waiting is 0.10, the probability of one person waiting is 0.09, and the probability of two people waiting is 0.08, what is the probability of three or more people waiting?
a. 0.27 b. 0.73 c. 0.90 d. Cannot be determined