The Acme Toy Company introduced a new electric train, the Silver Bullet, in its Christmas catalog last year. Within four days of the catalog's mailing date, Acme had received phone orders for its entire inventory of trains. Paul Murrah, the sales manager responsible for the Silver Bullet, was delighted with the product's success. However, his excitement was overshadowed by the ____ cost resulting from lost sales that his division would suffer.
A. variable
B. stock-out
C. opportunity
D. fixed
E. holding
Answer: B
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Dwight, Dane & Associates, a consulting firm with offices in seven countries, is bringing together employees from all locations for a leadership training event. Which consideration is most affected by the international nature of the workforce?
A. management's interest in the topic B. the employees' motivation level C. the need to have training objectives D. cultural differences E. the need to measure training outcomes
The ______ morality stage of moral development often applies to children whose morality tends to be based on obedience, self-protection, and self-interest.
What will be an ideal response?
In a marketing plan, the ________ state what the marketing function must accomplish to achieve overall business objectives
A) situation analyses B) strategic plans C) marketing objectives D) market development strategies E) marketing controls
There is no need for managers to have employees participate in developing the budget because the budget is a management tool
Indicate whether the statement is true or false