An agent follows the rules and terms of his agent contract. He is exercising his __________ authority.

Costs that differ directly with the level of production are known as ________ costs

A) fixed B) overhead C) opportunity D) target E) variable

The stage in the new product process that occurs first and has a pass ratio of 1:4 is the ________ stage

A) idea screening B) product development C) test marketing D) product soft launch E) concept testing