Retailers address the conflict between consumers wanting or needing only one item and manufacturers wanting to produce and ship in quantity by providing
A. storage.
B. discounting.
C. simplicity.
D. reciprocity.
E. extreme value labeling.
Answer: A
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The idea that decision makers find the notion of an actual loss more painful than giving up the possibility of a gain is called
A. a heuristic. B. an availability bias. C. a representativeness bias. D. the prospect theory. E. satisficing.
On May 17, Bruno Olive Co accepted a $6,500, 8%, 90-day note from a customer. On June 11, the note was discounted at 10%. At maturity date, the note was dishonored and the bank charged a $25 protest fee. The amount that Bruno Olive Co would debit to Notes Receivable Dishonored is
A) $6,655.00 B) $6,535.29 C) $6,525.00 D) $6,130.00
The way active listeners provide feedback to the speaker and clarifying the message by repeating some of the key points at appropriate breaks is considered which component of active listening?
a. Sensing b. Responding c. Reasoning d. Processing
In order to be reported, liabilities must:
A. Involve an outflow of cash. B. Be certain. C. Sometimes be estimated. D. Be for a specific amount. E. Always have a definite date for payment.