Which of the following insurance policies continues for a stated period of time with the premiums increasing with the age of the insured?
A) double indemnity
B) term insurance
C) annuity contract
D) comprehensive insurance
B
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All of the following are solutions to the technology paradox except:
a. keep costs falling faster than prices b. mass customization c. find new uses for products d. develop long-term relationships with customers e. price controls
You are now considering your housing options for next semester. If the cost of a dorm room and the cost of an apartment are exactly the same, housing costs are:
A) sunk costs. B) an opportunity cost. C) not relevant. D) avoidable.
Which of the following is often not a disadvantage of decentralization?
A) Decreased job satisfaction for lower-level managers. B) Lack of coordination and communication between segments. C) Lack of company focus as lower-level managers may make decisions that benefit their own particular segment. D) Higher training costs for lower-level managers.
According to the personal moral philosophy of ________, if the benefits exceed the costs, the behavior is ethical.
A. existentialism B. moral idealism C. hedonism D. utilitarianism E. socialism