Hub and spoke systems are characterized by:
A) "spokes" that are represented by the sites that receive the goods.
B) "hubs" that hold inventory until the appropriate season or upswing in demand.
C) inventory locations that are close to producers, not customers.
D) warehouses that are used as sorting facilities.
Answer: D
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When the demand for good A increases:
a) the equilibrium price and equilibrium quantity will decrease. b) a surplus will result. c) the equilibrium price will rise but the equilibrium quantity will decrease. d) the equilibrium price will decrease but the equilibrium quantity will increase. e) the equilibrium price and equilibrium quantity will increase.
Current assets are assets ________ and fixed assets are assets ________
A) converted to cash during the accounting year; that have an expected life in excess of one year B) that have an expected life in excess of one year; converted to cash during the accounting year C) that have an expected life in excess of one year; that have an expected life in excess of one year D) converted to cash during the accounting year; converted to cash during the accounting year