Renee has just told her subordinates that the company is about to invest in them by making a systematic effort to facilitate the acquisition of job-related knowledge and behavior. She is referring to
A. learning.
B. heuristics.
C. expertise.
D. training.
E. satisficing.
Answer: D
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Beck Inc., a food processing company in Chicago, placed a phone order with Gary, a vineyard owner in California, for a certain quantity of perishable products. The shipping term was "CIF" with payment to be made on delivery. Gary contracted with a carrier to deliver the goods to Beck Inc. However, he neglected to ship the goods under refrigeration. The goods were loaded on a non-refrigerated boxcar and as a result the product was spoiled when it reached Chicago. Under these circumstances, ________.
A. Gary bears the risk of loss because, under a CIF shipment, the seller bears the expense and the risk of loading the goods B. Beck Inc. bears the risk of loss because, under a CIF shipment, the buyer has to bear all risks C. neither Gary nor Beck Inc. bears the risk of loss as the goods are insured D. Beck Inc. bears the risk of loss as the contract did not mention that Gary will guarantee their delivery
The second level of courts in the federal court system is made up of the U.S. ________
A) district courts B) courts of appeal C) courts of last resort D) superior courts
The main difference between the intuitive lowest-cost method and the northwest-corner rule is that:
A) the intuitive lowest-cost method always generates a better solution. B) the northwest-corner rule is faster. C) the northwest-corner rule ignores cost. D) only the intuitive lowest-cost method generates an optimal solution. E) None of the above is accurate.
Which of the following is a source of long-term funds for firms?
A. Trade credit B. Revolving credit agreements C. Factoring D. Corporate bonds