When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to ramp up production and order more raw materials. Increased factory product indicates derived demand.
A. True
B. False
The answer is A. True (Derived demand reflects the link between consumers' demand for a company's output and the company's purchase of necessary inputs to manufacture or assemble that particular output.)
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A party contracts to act as a surety for the collection of the debts of another. As a result of the suretyship agreement, which of the following statements is correct?
A. The creditor may proceed against the surety without attempting to collect from the debtor. B. The surety agreement must be in writing. C. The surety may use any defenses available to the debtor. D. The creditor must be notified of the debtor's default by the surety.
In a(n) ________ international company, foreign operations are viewed as being secondary or subordinate to domestic operations
A) ethnocentric B) concentric C) polycentric D) regiocentric