Some retailers commonly use prices that end in certain numbers. They seem to assume that their customers see prices with these numbers as substantially lower. This is
A. odd-even pricing.
B. prestige pricing.
C. psychological pricing.
D. leader pricing.
E. demand-backward pricing.
Answer: A
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You have decided to endow a Chair in Finance at Whatsamatta University
How much money must you deposit into the endowment account today if the Chair pays $125,000 per year forever (first payment one year from today) and is invested at a rate that pays out 4.50% per year? A) $277,777.78 B) $2,902,777.78 C) $2,777,777.78 D) There is not enough information to answer this question.
Edward Seaton owns a firm that manufactures custom-made carpets. He has a regular sales force to call on smaller customers and an elite force to call on larger accounts. The elite sales force is called
A. supporting salespeople. B. a major accounts sales force. C. customer service reps. D. missionary salespeople. E. technical specialists.
If a tenant leaves a toy car on the stairs of his apartment and a guest trips over it and is injured, who is most likely liable?
A) the tenant B) the guest C) the landlord D) no one because it was an accident
Most professional financial planners recommend that you carry $1,000,000 of bodily injury liability coverage per person
Indicate whether this statement is true or false.