Which type of product modification changes a product's dependability or durability?
A. functional
B. style
C. aesthetic
D. quality
E. primary
Answer: D
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Banks earn profit by
A. borrowing from depositors at a lower interest rate, and lending those funds at a higher interest rate. B. reducing the service charges for safety vaults and ATM facilities. C. lending more loans to non-risky business firms. D. reducing the amount of transaction deposits.
All of the following are ways that managers use managerial information except
A) to evaluate the company's stock performance B) to evaluate the performance of a company's operations C) to support long-term planning decisions D) to determine the cost of manufacturing a product
In the issue management process, identifying the issue involves anticipating emerging issues.
Answer the following statement true (T) or false (F)
San Ruiz Interiors provides design services to residential and commercial clients. The residential services produce a contribution margin of $450,000 and have traceable fixed operating costs of $480,000. Management is studying whether to drop the residential operation. If closed, the fixed operating costs will fall by $370,000 and San Ruiz' income will:
A. increase by $30,000. B. decrease by $340,000. C. increase by $340,000. D. increase by $80,000. E. decrease by $80,000.