Negotiators need to be sensitive to two factors when creating offers: the first is value characteristics, and the second is ________ characteristics.
Fill in the blank(s) with the appropriate word(s).
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Which of the following tends to cause the U.S. dollar to appreciate in value?
a. an increase in U.S. prices above foreign prices b. rapid economic growth in foreign countries c. a fall in U.S. interest rates below foreign levels d. an increase in the level of U.S. income
Which of the following is not true regarding service department expenses?
a. Preparing a budget for a service department requires the same procedures as those used for production departments. b. Expenses of the service departments are allocated to production departments using a standard application rate. c. Production departments will consider allocated service department expenses in developing their budgets. d. Variances are not computed for expenses in service departments.
Opportunity costs are ignored for decision making
Indicate whether the statement is true or false
The banking industry has suffered in recent years because of a high default rate on energy-related loans. The standard deviation is $10,000 . How large a sample must you take from banking records to be 98% confident that your estimate for the amount of these defaults is within $1000 of the true mean loan amount?
a. 567 b. 233 c. 240 d. 543 e. 890