Darby, Inc. has 25,000 shares of stock issued and outstanding. All the shares of stock have the same rights and characteristics; therefore, the stock is called __ stock.
Fill in the blank(s) with the appropriate word(s).
Common.
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A manufacturer wants to achieve rapid market penetration through a low-price policy. However, its dealers prefer to work with high margins and pursue short-run profitability. The major reason for this conflict is ________
A) goal incompatibility B) unclear roles C) ambiguous rights D) differences in perception E) dependence on the manufacturer
Which of the following terms best describes the set of products that the customer has no intention of buying?
A) evoked set B) inert set C) purchase set D) latent set
Hill Top Products has run a regression analysis for utilities costs and the total production for the past six months. The regression analysis shows an R square (R2 ) of .86. Which of the following statements best describes the meaning of R2?
A) 86 percent of the company's total costs are utilities costs. B) 14 percent of the variation in utilities costs is explained by the increase or decrease in production. C) 86 percent of the variation in utilities costs is explained by the increase or decrease in production. D) 86 percent of the company's total costs are fixed costs and the remaining 14 percent are variable costs.
Select the process type that is mismatched with the corresponding process characteristic.
a. Job shop ? Low equipment flexibility b. Batch ? High product variety c. Continuous ? Very high output volume d. Assembly line ? Low/medium product variety