Models that do not involve risk or chance are
A) probabilistic models.
B) postoptimality models.
C) deterministic models.
D) MIS models.
E) None of the above
C
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Universal Corporation is concerned about their current bad debt ratio of 6%. The CFO believes imposing a more stringent credit policy may reduce sales by 5% and reduce the bad debt ratio to 4%. If the cost of goods sold is 80% of the selling price, determine if the new policy should be undertaken.
A) Undertake; increase of 8.57% in profits B) Undertake; increase of 9.55% in profits C) Do not undertake; decrease of 9.55% in profits D) Do not undertake; decrease of 8.57% in profits
The ________ in GATS requires member states to publish, prior to their entry into force, all of their national measures and international agreements that affect their obligations under GATS
A. ultra vires rule B. foreseeability standard C. most-favored-nation treatment D. transparency provision