Distribution channels are composed of coordinated groups of individuals or firms that add utility to a product or service

Indicate whether the statement is true or false


TRUE

Business

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An increase or decrease in cash results from a combination of the operating, investing, and capitalizing activities of a business

a. True b. False Indicate whether the statement is true or false

Business

One of the major arguments for preferential treatment in hiring is that such policies are a legitimate means for compensating people for harms they have suffered. To fail to compensate continues a practice of undeserved advantages for white males having to compete in an unfairly restricted job pool and undeserved disadvantages for victims of discrimination.

Answer the following statement true (T) or false (F)

Business

Jack knows that his company is unable to provide employees with a holiday bonus. As the company gives a holiday bonus every year, he is certain his employees will be disappointed. Several weeks before he needs to tell employees about the bonus, he starts a rumor that the company is considering layoffs. Thus, when the employees hear that there is not a bonus, they are relieved, as this is better than layoffs. Which commonly used heuristic is Jack utilizing?

A. availability B. projection C. representativeness D. anchoring and adjustment

Business

Bruce lived in Tennessee and had an appliance store in Tennessee. Bruce's residence and the appliance store, however, were within twenty miles of the Virginia state line. Bruce advertised heavily in both Tennessee and Virginia. Susan, one of his customers from Virginia, had an unfortunate experience with a refrigerator purchased from Bruce in that the refrigerator caught on fire and burned down

Susan's house which was worth $200,000 . Susan obtained proof that the refrigerator had actually been returned to Bruce because it malfunctioned and that, rather than repair the refrigerator and sell it as used, Bruce sold the refrigerator to her as new without repairs. Susan sued Bruce in federal district court in Virginia on a number of theories. Bruce opposed the lawsuit on the basis that it could only be filed in a state court and also on the basis that he was not subject to jurisdiction in Virginia. Which of the following is the most likely result in regard to Bruce's claim that he was not subject to jurisdiction in a court located in Virginia? a. Bruce would not be subject to jurisdiction in a Virginia court because he did not live there nor was his store located there. b. Bruce would not be subject to jurisdiction in a Virginia court because a consumer complaint was involved, not a dispute involving two business entities. c. Bruce would be subject to the jurisdiction of courts in Virginia because Tennessee borders Virginia, and federal courts have jurisdiction over citizens from any surrounding state. d. Bruce would be subject to the jurisdiction of courts in Virginia because his contacts with the state were such that maintenance of the suit would not offend traditional notions of fair play and substantial justice.

Business