A Gucci bag sells for $120 in Italy and $240 in the United States due to the differences in the costs of distributing the product in the two countries. This phenomenon is called a(n) ________
A) opportunity cost problem
B) market pricing problem
C) tactical pricing problem
D) price escalation problem
E) transfer pricing problem
D
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Which of the following statements about buying homeowners insurance is true?
A) There is no reason to carry insurance for more than 80 percent of a dwelling's replacement cost. B) The deduction for depreciation will be increased if a personal property replacement cost endorsement is purchased. C) Premiums often can be reduced substantially by selecting a higher deductible. D) There is little reason to compare cost since the lack of competition results in little price variation among companies.
Which module is missing from most expert systems?
A) user interface subsystem B) knowledge base subsystem C) inference engine D) knowledge refinement subsystem