Which of the following would NOT generally be a motive for a firm to hold inventories?
A) to decouple various parts of the production process
B) to provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demand
C) to take advantage of quantity discounts
D) to minimize holding costs
E) to hedge against inflation
D
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What do convenience, judgment, quota, and snowball samples have in common?
a. They can all be classified as nonprobability samples. b. They can all be classified as probability samples. c. They all use random number tables to generate samples. d. If properly invoked, they all provide projectable results. e. They utilize every nth element in the sample frame.
Which of the following is true of an express warranty?
a. It gives the impression of environmental friendliness to a product. b. It contains an unwritten guarantee about the performance of a product. c. It prohibits other firms from using a brand or part of a brand without permission. d. It ranges from simple statements to extensive documents written in technical language.