A motorcycle insurance company evaluates many numerical variables about a person before deciding on an appropriate rate for motorcycle insurance. The number of tickets a person has received in the last 3 years is an example of a(n) ____________________ random variable
Fill in the blank(s) with correct word
discrete
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Outdoor Living Company has just received a special order for 500 hammocks. Outdoor Living has sufficient idle capacity to accept the order. Accepting the order will increase Outdoor Living's variable manufacturing costs. Variable selling and administrative costs would be unaffected. What is the minimum price that Outdoor Living should accept for the special order?
A. A price equivalent to the hammock's unit contribution margin B. The same price that Outdoor Living charges its existing customers C. A price equivalent to the hammock's variable manufacturing cost per unit D. None of the above.
Answer the following statements true (T) or false (F)
1. “Hire for attitude and values; train for skills” doesn’t make much sense in the hospitality industry since it is service skills that lead to guest satisfaction. 2. Selecting the right person for a particular job should begin by first looking at the applicants, then looking at the job. 3. Since “service naturals” are rare in the labor pool, effective hospitality organizations place candidates who are outstanding technically but have no service skills into support positions. 4. It is much more important to find guest contact employees with the right abilities and motivation than the non-contact employees.
Sales promotion directed at employees is especially popular with service-oriented firms.
Answer the following statement true (T) or false (F)
What are the three main objectives of reward programs?
What will be an ideal response?