A prepared sales presentation
A. usually involves many questions, to be sure each customer's needs are fully understood.
B. is common with high-value items, to be sure the customer learns about all of the technical details.
C. is best when a lot of time is available for a sales presentation.
D. is the best approach for most selling situations because the company can control what the sales rep says.
E. None of these answers is correct.
Answer: E
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Derivatives include
a. an option to purchase a share of stock. b. a commitment to purchase a certain amount of foreign currency in the future. c. interest rate, foreign exchange rate, and commodity price hedges. d. all of the above e. none of the above
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Answer the following statement true (T) or false (F)
A crew of mechanics at the Highway Department Garage repair vehicles that break down at an average of ? = 5 vehicles per day (approximately Poisson in nature)
The mechanic crew can service an average of ? = 10 vehicles per day with a repair time distribution that approximates an exponential distribution. a. What is the probability that the system is empty? b. What is the probability that there is precisely one vehicle in the system? c. What is the probability that there is more than one vehicle in the system? d. What is the probability of 5 or more vehicles in the system?