Which of the following is the first stage of the consumer decision-making process?

A. selective retention
B. selective exposure
C. external search
D. internal search
E. problem recognition


Answer: E

Business

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What is an open system?

A. Contains instructions written by a programmer specifying the actions to be performed by computer software. B. Any software whose source code is made available free for any third party to review and modify. C. Any proprietary software licensed under exclusive legal right of the copyright holder. D. Nonproprietary hardware and software based on publicly known standards that allow third parties to create add-on products to plug into or interoperate.

Business

Compare and contrast the integration, differentiation, and fragmentation perspectives of organizational culture.

What will be an ideal response?

Business

Cornish Company had the following results of operations for the past year:         Sales (20,000 units at $22)   $440,000  Direct materials and direct labor$200,000     Overhead (40% variable) 100,000     Selling and administrative expenses (all fixed) 92,000  (392,000) Operating income   $48,000  A foreign company offers to buy 3,000 units at $17.00 per unit. In addition to variable manufacturing costs, selling these units would increase fixed overhead by $500 and selling and administrative costs by $1,000. If Cornish accepts the offer, its profits will:

A. Increase by $13,500. B. Decrease by $300. C. Increase by $15,000. D. Increase by $4,500. E. Decrease by $4,500.

Business

In terms of the total fees paid to executive search firms, which of the following statements is FALSE?

A. One-third is paid 90 days into an assignment. B. The last third is paid upon completion, plus expenses. C. A retainer amounts to one-third the total fee. D. A retainer is paid as soon as a search is commissioned.

Business