Jonathan prefers shirts made with 100 percent cotton, but he will sometimes buy shirts with less cotton if they are less expensive. Jonathan uses ________ to decide which shirts to buy.
A. social factors
B. temporal factors
C. habitual decision making
D. a compensatory decision rule
E. a noncompensatory decision rule
Answer: D
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Which of the following is true for the retail industry?
A) Discount stores and catalog showrooms are competing for the same customers. B) Upscale retailers see a decline in sales as middle-market retailers thrive. C) Small, specialized retailers are crowding out larger, more diverse retailers. D) Store retailing sees no competition from non-store retailing. E) Discount stores are not doing as well as middle-market retailers.
Segregation of duties, as a control procedure, is most often used
a. when the task involved is complex. b. when it is impossible for one person to complete a task. c. when appraisals are conducted. d. when cash is involved.
A retailer's target market consists of people who usually will not consider a new idea until others have tried it and liked it. These potential customers have a lot of contact with mass media and salespeople but usually are not opinion leaders. These target customers are
A. laggards. B. the late majority. C. early adopters. D. innovators. E. the early majority.
Standard costs are divided into which of the following components?
A) Variance Standard and Quantity Standard B) Materials Standard and Labor Standard C) Quality Standard and Quantity Standard D) Price Standard and Quantity Standard