499. _______ markets include a wide variety of profit and non-profit organizations, such as hospitals, government agencies, and schools, which provide goods and services for the benefit of society.

by
A. Consumer
B. Business-to-business (Industrial)
C. Reseller
D. Institutional
✅ The correct answer is option D.
Institutional markets include a wide variety of profit and non-profit organizations, such as hospitals, government agencies, and schools, which provide goods and services for the benefit of society. Institutional markets are entities such as cafeterias in state and local government buildings, schools, universities, prisons, hospitals, or similar organizations. These institutions are becoming more interested in buying local food, which provides a new marketing opportunity for a medium to large-scale farm.

Which of the following is considered a method to help overcome personal barriers to effective communication?

by
A. Impulsive behavior
B. Poor administrative practices
C. Engaging in excessive impression management
D. Improvement of listening skills
✅ The correct answer is option D.
Improvement of listening skills is considered a method to help overcome personal barriers to effective communication. There are five key barriers that can occur within a company: language, cultural diversity, gender differences, status differences and physical separation. These barriers to communication are specific items that can distort or prevent communication within an organization.

493. The cost of providing service in a queuing system decreases with.

by
A. Decreased average waiting time in the queue
B. Decreased arrival rate
C. Increased arrival rate
D. None of the above
✅ The correct answer is option D.
In designing queueing systems we need to aim for a balance between service to customers (short queues implying many servers) and economic considerations (not too many servers).

487. In operating income strategic analysis, a component which measures change in operating income attributed to change in output quantity is classified as

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A. internal process component
B. growth component
C. price recovery component
D. productivity component
✅ The correct answer is option B.
In operating income strategic analysis, a component which measures change in operating income attributed to change in output quantity is classified as growth component. Operating income is an accounting figure that measures the amount of profit realized from a business’s operations, after deducting operating expenses such as wages, depreciation, and cost of goods sold (COGS).

484. Formula to calculate return on investment, according to profitability analysis in DuPont method is

by
A. return on sales * investment turnover
B. return on sales + investment turnover
C. return on sales – investment turnover
D. investment turnover + residual income
✅ The correct answer is option A.
Formula to calculate return on investment, according to profitability analysis in DuPont method is return on sales * investment turnover.