Research shows that consumers make nearly three-fourths of all buying decisions at the point of sales

Indicate whether the statement is true or false.

Answer: TRUE

Business

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A non-profit organization is planning a raffle to raise money. It has two options for tickets. The first option is to do the tickets by hand, with fixed costs of $50 and variable costs of $.05 per ticket. The second option is to outsource production

This would result in fixed costs of $500 and variable costs of $.01. If the organization plans to sell 10,000 tickets which option should it choose?

Business

A burglar enters Marcia's home and steals $10,000 worth of appliances. Marcia tells the insurance company that the appliances were worth $20,000. This overstatement of the loss is an example of:

A) a morale hazard B) a peril C) insurance fraud D) carelessness

Business