In the context of cognitive decision-making, noncompensatory models require more cognitive effort ...

In the context of cognitive decision-making, noncompensatory models require more cognitive effort than compensatory models do.
 
 Indicate whether the statement is true or false

Question 2

_____ of inventory refers to the amount of inventory that a firm owns at any given time.
 a. Volume
 b. Velocity
 c. Value
 d. Vigor
 e. None of the above.

Question 3

One downside for franchisors participating in franchise channels is:
 a. Increased management flexibility
  b. Low expectations among franchisees
  c. Increased regulatory scrutiny.
  d. Limited independence of the franchisee.
  e. All of the above are about equal.

Question 4

In the process of internationalization, many retailers are subscribing to the current trend of consolidation in the ____________________ and general merchandise sectors.
 Fill in the blank(s) with correct word

Question 5

Bud wants to buy a car, but is not willing to consider any car that gets a mileage of less than 37 miles per gallon. This scenario illustrates that Bud has set a cutoff level in his mind.
 
 Indicate whether the statement is true or false

Question 6

All of the following are common signaling methods used in a kanban system except _____.
 a. single-card system
 b. color coding of containers
 c. designated storage spaces
 d. computerized bar coding systems
  e. verbal notification

Question 7

The reasons given in the text to explain why franchisees participate in franchising include all of the following except:
 a. Capital advantages
  b. Obtain needed training and assistance from franchisors
  c. Franchisor trademarked product has high recognition among consumers
  d. Reduced uncertainty
  e. Prospects for making adequate returns often higher than is the case for independent businesses

Question 8

Why do certain stores, for example an antique store selling masterpieces, charge an admission price?
 a. The admission price serves as another source of revenue.
  b. In some countries, it is a legal requirement for stores selling masterpieces and national treasures.
  c. It adds to the prestigious image of the store.
  d. The admission price ensures that individuals permitted to enter can actually afford the products sold there.