What is the likelihood there are more than three customers in the system?
A) 12%
B) 24%
C) 76%
D) 88%
Answer: A
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Which of the following offers the most plausible scenario for a firm that maintained a constant degree of operating leverage when its level of fixed costs doubled?
A) sales revenues declined B) pretax profits decreased C) variable cost percentage decreased D) depreciation expense increased
Getting a salesperson to prospect for new business, call on those potential customers that fit your marketing strategy, and provide the drive to maintain a regular prospecting schedule describes which characteristic of effort?
a. The drive to initiate action on a task. b. The quality of effort on a task. c. The persistence to expend effort over a period of time. d. All of the above are characteristics of effort e. None of the above is a characteristic of effort because a person's effort level ultimately cannot be affected by outside factors.