What is the likelihood there are more than three customers in the system?

A) 12%
B) 24%
C) 76%
D) 88%

Answer: A

Business

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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

Business

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.

Business