Retention strategies based on social bonds:
A. Are the most difficult of the retention strategies to initiate
B. Build long-term relationships through social and interpersonal as well as financial bonds
C. Use a strategy of mass customization
D. Create high opportunity costs
E. Are concerned about maintaining customer intimacy
Answer: B
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The extra collateral the Fed requires above the value of a discount loan is known as
A. the term premium. B. a haircut. C. a covenant. D. secondary credit.
A machine was purchased for $50,000. It has a current carrying value of $32,500 and had a depreciable cost of $45,000. Its estimated residual value must have been
A) $5,000. B) $12,500. C) $17,500. D) impossible to determine from the facts given.
A global strategy tends to be used when a company faces strong pressures for reducing costs and limited pressure to adapt products for local markets.
Answer the following statement true (T) or false (F)
When a plant asset is sold for less than its book value, a gain is recorded
Indicate whether the statement is true or false