Which of the following terms refers to a price differential that is below the average variable cost for the seller, considered predatory, and therefore illegal, under the Clayton Act?
A) variable pricing
B) price discrimination
C) tying arrangement
D) interlocking directorate
B
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In an unbalanced transportation problem, if demand exceeds supply, the optimal solution will be infeasible
Indicate whether this statement is true or false.
A bank randomly looks at loan applications and checks them for errors. Ten applications and the number of errors identified on the applications are found in the following table
When the process is working correctly, the average number of errors found is 2. Construct a c-chart to determine if the process is in control. Application number Number of errors 1 3 2 0 3 1 4 0 5 3 6 2 7 4 8 4 9 1 10 1
Denny is the owner of a popular ice-cream parlor. He also has a retail distribution network in the form of ice-cream vans that go around the city. With the help of this distribution network, Denny is able to efficiently manage the movement of goods and keep the costs lower than other ice-cream shops. This is an example of ________.
A. organizational slack B. entrepreneurial breakeven C. sustainable competitive advantage D. bounded rationality
In a regression and correlation analysis, if r2 = 1, then
A. SSE = SST. B. SSE = 1. C. SSR = SSE. D. SSR = SST.