As inventory draws down, management must know at what stock level to request additional stock. This stock level is called the ________
A) reorder point
B) least fixed point
C) point of divergence
D) inflection point
E) critical point
A
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Payment is received from customers who were billed earlier for services provided for them. For this transaction, identify the effect on the accounting equation
a. Assets increase and liabilities increase. b. Assets increase and stockholders' equity increases. c. Liabilities increase and stockholders' equity decreases. d. There is no effect on the accounting equation as one asset account increases while another asset account decreases.
Hundreds of small companies such as Martin-Logan and Mark Levinson compete in the high-end audiophile segment of the consumer electronics industry
If analyzed in terms of Porter's generic strategies framework, such companies might be said to be pursuing competitive advantage via: A) cost leadership. B) differentiation. C) cost focus. D) focused differentiation. E) consumer differentiation.
How can you best prepare for potential questions that will be asked during the interview?
A) Research the organization, industry and competitors and relate your personal experience to support what the organization does. B) Research the hiring manager and relate your personal experience to support what is most important to the hiring manager. C) Prepare a list of events from your life and use them to better explain what is important to you. D) Identify areas of interest in your life and use short, direct answers to support your personal areas of interest. E) Research the organization and hiring managers and develop answers they most likely want to hear.
Which of the following occurs when a person has already invested in a course of action, and does not recognize what they invested initially is gone?
A. sunk costs fallacy B. satisficing C. hindsight bias D. overconfidence bias