Page Litton likes to use her credit card to buy gas since she can defer payment for 30 days. However, she notices that her dealer charges 3 cents more per gallon than if she paid with cash
Page estimates paying about $1.00 a gallon for gas, and her monthly credit statement shows an APR of 18 %. Given this information, Page should
A)
continue using her card since the opportunity cost of paying in cash is less than 18% a year.
B)
pay with cash since its opportunity cost is about 36% a year.
C)
continue using her card, the effective cost of using cash is about 36% a year.
D)
you can't tell unless you know how much gas she will buy.
B
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Based on Table 2.1 in the text, which statement is true about the marketing research problem?
A) It focuses on underlying causes. B) It focuses on symptoms. C) It is information oriented. D) Both A and C are correct.
Which of the following is a fiduciary duty owed by an agent not to act adversely to the interests of the principal?
A) duty of loyalty B) duty of undertaking C) duty of discharge D) duty of resolution