If retailers sell products from competing manufacturers in a VMI system,
A) inventory at the manufacturer will be lower than optimal.
B) inventory at the manufacturer will be higher than optimal.
C) sales at the retailer will be lower than optimal.
D) inventory at the retailer will be higher than optimal.
Answer: D
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The purpose of financial markets is to bring borrowers and savers together
Indicate whether this statement is true or false.
A call option on a stock is a financial instrument defined by which of the following statements?
A) It obligates the investor holding it to sell the stock at the specified price at the stated date in the future. B) It obligates the investor holding it to buy the stock at the specified price at the stated date in the future. C) It gives the investor holding it the right, but not the obligation, to buy the stock at the specified price at the stated date in the future. D) It gives the investor holding it the right, but not the obligation, to sell the stock at the specified price at the stated date in the future.