The Holiday Inn, Burlington statement, “If a customer has a need or want, we fill it.” is an example of a:

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A. Business unit goals
B. Marketing objectives
C. Business unit mission
D. Goal of a business segment
✅ The correct answer is option B.
The Holiday Inn, Burlington statement, “If a customer has a need or want, we fill it.” is an example of a Marketing objectives. Marketing objectives are goals set by a business when promoting its products or services to potential consumers that should be achieved within a given time frame.

Information is defined by Lucas (1976) as

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A. some tangible or intangible entity that creates certainty about a state or event
B. some tangible or intangible entity that reduces uncertainty about a state or event
C. some tangible or intangible entity that leads to understanding
D. some tangible or intangible entity that leads to knowledge
✅ The correct answer is option B.
Information is defined by Lucas (1976) as some tangible or intangible entity that reduces uncertainty about a state or event.

Which of following is not a means in which agency troubles can be lessen through corporate rule?

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A. Executive compensation
B. Threat of hostile takeover
C. Acquisition of a foreign subsidiary
D. Monitoring by large shareholders
✅ The correct answer is option C.
Acquisition of a foreign subsidiary is not a means in which agency troubles can be lessen through corporate rule.

Manpower inventory is

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A. To find out how manpower is to be utilized
B. To prepare inventory for scheduling manpower
C. The data collected about the present employees of an organization
D. The data as calculated by demand forecast and compared with inventory in respect of manpower
✅ The correct answer is option B.
Manpower inventory is to prepare inventory for scheduling manpower. In manpower inventory, the items are intangible. It involves cataloguing the characteristics of personnel in the organisation, besides counting their number.

Inflation rate in United States is added into real rate of interest to calculate

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A. quoted interest rate in United States
B. nominal interest rate in United States
C. interest rate in United States
D. discount rate of country
✅ The correct answer is option C.
Inflation rate in United States is added into real rate of interest to calculate interest rate in United States. Inflation is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over a period of time.

A country has a negative balance of trade it means the balance of payments on current account

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A. Should also be negative
B. Should be positive
C. May be positive or negative
D. Should be same as balance of trade
✅ The correct answer is option D.
A country has a negative balance of trade it means the balance of payments on current account should be same as balance of trade. The balance of trade is the difference between the value of a country’s imports and exports for a given period. The balance of trade is the largest component of a country’s balance of payments.

Exchange rate of foreign currency fluctuate day to day because of

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A. demand and supply
B. increased maturity
C. decreased maturity
D. instrument availability
✅ The correct answer is option A.
Exchange rate of foreign currency fluctuate day to day because of demand and supply. An exchange rate is the value of one nation’s currency versus the currency of another nation or economic zone.

Service mechanism in a queuing system is characterized by.

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A. Server’s behavior
B. Customer’s behavior
C. Customers in the system
D. All of the above
✅ The correct answer is option A.
Service mechanism in a queuing system is characterized by Server’s behavior. Queuing theory is the mathematical study of the delays of waiting in line, covering all aspects, from arrival time to the number of servers.