Which one of the graphs depicts the demand curve for prestige goods?

• A.Option A
• B.Option B
• C.Option C
• D.Option D

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If the bank uses the rnaxirna criterion for selecting the location of the branch, it will select:

• A.L1
• B.L2
• C.L3
• D.L4

Correct Answer: D

Under the maximax criterion, the decision maker selects the choice that maximizes the maximum profit. The maximum profits for the five locations are

A bank plans to open a branch in one of five locations labeled L1, L2, L3, L4, L5). Demand for bank services may be high, medium, or low at each of these locations. Profits for each location-demand combination are presented in the payoff matrix.

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Which of the following channel structures have the best means of managing channel conflict?
I. Conventional
II. Vertical
III. Horizontal
IV.
Multichannel

• A.I and II.
• B.II, III, and IV.
• C.I, III, and IV.
• D.II and III.

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An entity had 1.000 units of opening inventory that cost US $10 per unit On May 1. 1 .000 units were purchased at a cost of US $11 each and on September 1 another 1.000 units were purchased at a cost of US $12 each. If 2.000 units were sold during the year the company will report cost of goods sold of List A if the List B method of inventory valuation is used.

• A.Option A
• B.Option B
• C.Option C
• D.Option D

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When a specified level of safety stock is carried for an item in inventory, the average inventory level for that item:

• A.Decreases by the amount of the safety stock.
• B.Is one-half the level of the safety stock.
• C.Increases by one-half the amount of the safety stock.
• D.Increases by the amount of the safety stock.

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