The United States economy is a free enterprise system. It is also referred to as a "free trade system" because it is based on ________.
A. voluntary exchange
B. gambling and chance
C. involuntary exchange
D. government cooperation
Answer: A
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A manager needs to inform employees that the quarterly project management training will start on May 1, about two months from now. Generally, which of the following should the manager use in this situation?
A. videoconference B. e-mail C. personal note D. face-to-face meeting E. telephone
If there are 20 manufacturers and 500 retailers, and each manufacturer has 15 interactions per year with each retailer at a cost of $200 per transaction, calculate the total number of transactions
A) 100,000 transactions per year B) 150,000 transactions per year C) 200,000 transactions per year D) 250,000 transactions per year E) 300,000 transactions per year
In applying the simplex solution procedure to a minimization problem to determine which variable enters the solution mix,
A) pick the one with the most positive Cj - Zj. B) pick the one with the largest Cj. C) pick the one with the smallest Zj. D) pick the one with the most negative Cj - Zj. E) pick the smallest nonnegative number formed by dividing each amount in the quantity column by the appropriate column at the exiting variable.
Prior to the passage of workers compensation laws, all of the following common law defenses could be used by employers to avoid financial responsibility for work-related injuries EXCEPT
A) contributory negligence. B) the fellow-servant doctrine. C) assumption of the risk. D) employer liability laws.