Companies who believe that higher sales volume leads to lower unit costs and higher long-run profits are attempting to ________
A) maximize their market share
B) skim the market
C) become a product-quality leader
D) merely survive in the market
E) maximize their current profits
A
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Which of the following is a criticism of ethical relativism?
A) Moral and ethical rules are too rigid and fixed over time. B) Decisions require the measurement of qualities, which are not subject to precise measurements. C) Some persons would take actions, which they believe to be moral, but which most persons in society believe to be immoral. D) Decisions are not allowed to take into account a particular person's station or place in society.
________ is a source of financing that reaps tax advantages from selling shares to workers.
A. Employee stock ownership plan B. Small company offering registration C. Professional service corporation D. Specialized small business investment
Regular bank examinations and restrictions on asset holdings indirectly help to reduce the ________ problem because, given fewer opportunities to take on risk, risk-prone entrepreneurs will be discouraged from entering the banking industry
A) moral hazard B) adverse selection C) ex post shirking D) post-contractual opportunism
Which of the below is a traditional methodology used to develop, maintain, and replace information systems?
A) Prototyping B) OOAD C) RAD D) SDLC