Which of the following statements about expected utility is true?
A) It does not affect decisions made with expected values.
B) Used in decision making, it is an objective value, not subjective.
C) Used in decision making, it can bring huge risk to a small startup with limited resources.
D) In calculating utility, it assumes the decision will be made thousands of times, making the probabilities more likely on average.
C
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Which of the following is shown on the balance sheet as well as the statement of cash flows?
A) Stockholders' equity (ending balance) B) Net income C) Total assets (ending balance) D) Cash (ending balance)
The office supply store was selling two-drawer file cabinets for $20, which is a below-market price, to lure customers into the store in hopes that while they are in the store to buy a file cabinet they will also buy other items that have a much higher markup. What is the office supply store using?
a. price lowballing b. leader pricing c. price lining d. functional pricing