A research report shows that a magazine's readers are well-respected by their peers and high in opinion leadership. They tend to be younger, more mobile, and more creative than later adopters; but they have fewer contacts outside their own social group or community than innovators. A firm might advertise to the readers of this magazine if it is targeting
A. early adopters.
B. the early majority.
C. laggards.
D. innovators.
E. the late majority.
Answer: A
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Milton Friedman did not recognize that there are limits to the pursuit of profits.
Answer the following statement true (T) or false (F)
Homewood Furniture manufactures a small table and a large table. The small table sells for $1100, has variable costs of $560 per table, and takes 10 direct labor hours to manufacture. The large table sells for $1700, has variable costs of $960, and takes eight direct labor hours to manufacture. Calculate the contribution margin per direct labor hour for the large table. (Round your answer to the nearest cent.)
A) $92.50 per direct labor hour B) $67.50 per direct labor hour C) $54.00 per direct labor hour D) $74.00 per direct labor hour
Human fraud is driven by the triple-threat of fraud: Opportunity, collusion, and rationalization.
Answer the following statement true (T) or false (F)
If a decision maker knows for sure which state of nature will occur, he/she is making a decision under certainty
Indicate whether the statement is true or false