Businesses in a purely competitive market have little ability to affect prices.
Answer the following statement(s) true (T) or false (F)
Ans: True
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A learned predisposition to respond to an object or class of objects in a consistently favorable or unfavorable way is referred to as a(n) ________.
A. belief B. attitude C. motivation D. perception E. value
Which of the following statement is correct regarding the quick ratio?
A. The quick ratio is also called the working capital ratio. B. The numerator for the quick ratio is current assets minus inventory minus accounts receivable. C. The numerator for the quick ratio is current assets. D. The quick ratio is a more conservative variation of the current ratio.
When deciding on distribution plans for specialty products, companies generally ensure that the items are:
A. made available only as private brands B. made available in a large number of stores in a geographic area C. made available only through the mail D. distributed to a considerable number of stores in a geographic area E. distributed to only a few stores in the geographic area
The unit improvement factor for a 60 percent learning curve at 25 units is 0.0933. The first and second timings of a person doing a job are 10 minutes and 6 minutes, respectively. The learning-adjusted time estimate for the unit number 25 is 0.9330 minute.
Answer the following statement true (T) or false (F)