Suppose a basketball player is an excellent free throw shooter and makes 91% of his free throws
(i.e., he has a 91% chance of making a single free throw). Assume that free throw shots are
independent of one another.
Find the probability that the player misses four consecutive free
throws.
A) 0.3143 B) 0.0001 C) 0.9999 D) 0.6857
B
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What is the most important consumer buying organization in society?
A) leading adopters B) the family C) membership groups D) reference groups E) aspirational groups
Consumer and business marketers use many of the same variables to segment markets. Business marketers use all of the following EXCEPT ________
A) operating characteristics B) purchasing approaches C) situational factors D) personal characteristics E) brand personalities
Variable cost per unit = $5.00 Average Fixed Cost per unit = $7.00 Units sold and produced in July 25,000 What is total estimate cost for August if 30,000 units are projected to be produced and sold?
A) $360,000 B) $325,000 C) $175,000 D) $300,000
Considering managers’ roles with new employees, a manager who spends time in training, introductions, and follow-up will likely have a team of employees who:
a. frequently complain about the boss b. frequently complain about colleagues c. respect the manager and stay employed longer d. slack off of job responsibilities