Which of the following statements concerning the housing market is false?
A)
There has been a recent decline in the sales of single family homes.
B)
There has been a recent decline in the median price of single family homes.
C)
Interest rates have sharply risen over the last decade.
D)
The rate of inflation has remained relatively stable over the last decade.
C
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Ralph works for a manufacturing company in Ohio. Recently, he called in a department manager to assist in the purchase of some heavy machinery
After consulting the department manager, Ralph is considering a change in product specifications and characteristics and expects suppliers to meet his requirements. Which of the following is evident here? A) modified rebuy B) new task C) straight rebuy D) product differentiation E) reverse auction
The major difference between an initial markup and a maintained markup is that the maintained markup reflects _____
a. planned shortages b. planned retail operating expenses c. actual prices received and actual shortages d. actual purchases
What is the probability that Product B will being purchased by the smaller company?
A small entrepreneurial company is trying to decide between developing two different products that they believe they can sell to two potential companies, one large and one small. If they develop Product A, they have a 50% chance of selling it to the large company with annual purchases of about 20,000 units. If the large company won't purchase it, then they think they have an 80% chance of placing it with a smaller company, with sales of 15,000 units. On the other hand if they develop Product B, they feel they have a 40% chance of selling it to the large company, resulting in annual sales of about 17,000 units. If the large company doesn't buy it, they have a 50% chance of selling it to the small company with sales of 20,000 units. A) 0.8 B) 0.5 C) 0.4 D) 0.3
The first bank to receive a check for collection is the:
A) depositary bank. B) drawee bank. C) payor bank. D) intermediary bank.