Environmental uncertainty in an organization is high when:
A. resource scarcity is low.
B. environmental change is extensive.
C. environmental complexity is low.
D. industry regulations are strict.
Answer: B. environmental change is extensive.
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Which of the following statements is false regarding an assumption of inventory cost flow?
a. The cost flow assumption need not correspond to the actual physical flow of goods. b. The assumption selected may be changed each accounting period. c. The FIFO assumption uses the earliest acquired prices to cost the items sold during a period. d. The LIFO assumption uses the earliest acquired prices to cost the items on hand at the end of an accounting period.
A retailer aims efforts at two or more distinct consumer groups, with different retailing approaches for each group, in _____
a. differentiated marketing b. mass marketing c. target marketing d. undifferentiated marketing