In constructing a utility curve,
A) a comparison is made of the different amounts of money at different times.
B) the certainty of a certain amount is compared with the willingness to gamble that amount on a larger amount.
C) one takes the risk out of gambling.
D) inflation plays a critical part in the evaluation.
E) None of the above
B
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Answer the following statements true (T) or false (F)
1. If a company reduces its fixed costs, the operating income will increase by the same amount as the cost reduction. 2. Managers' decisions may cause costs to behave differently than predicted by CVP analysis. 3. Managers can use contribution margin to predict the change in operating income when volume changes. 4. If all other factors remain constant, an increase in fixed costs will increase the breakeven point. 5. The amount by which sales can decrease before the company incurs an operating loss is called the breakeven point.
When two Taco Bell restaurants have a disagreement over who should be able to sell in quantity at a discount to the local high school band, they are in a ________ conflict
A) vertical B) multichannel C) no-win D) horizontal E) functional
The accounts receivable turnover ratio equals
a. profit margin divided by average accounts receivable at the end of the period. b. gross margin divided by average accounts receivable at the end of the period. c. sales revenue divided by ending accounts receivable at the end of the period. d. sales revenue divided by average accounts receivable during the period. e. gross margin divided by average accounts receivable during the period.
Which type of practitioner tends to work for organizations with relatively stable and low-threat environments?
A. Expert prescriber C. Communication facilitator B. Communication technician D. Problem-solving process facilitator