At a service company, the indirect costs of serving the client consists of operating expenses

Which of the following is true about online direct marketing?

A) Online direct marketing is also referred to as multi-level marketing. B) Salespersons are compensated for other salespeople they recruit. C) Online direct marketing allows sellers to create immediate, timely, and personal offers. D) Online direct marketing involves two or more intermediaries. E) In online direct marketing, outside and inside sales forces coordinate to provide value products to customers.

What is the recommended way of making volatility a function of time in a Cox, Ross, Rubinstein tree?

A. Make u a function of time B. Make p a function of time C. Make u and p a function of time D. Make the lengths of the time steps unequal