"Smart" Vending Machines, Which Adjust Prices Automatically According to Changes

question 90

Multiple Choice

"Smart" vending machines, which adjust prices automatically according to changes in demand factors (like time of day or outside temperature) , are examples of:

• A)meeting demand at preset prices.
• B)skill-biased technological change.
• C)flexible price-setting.
• D)capital equipment that is less expensive than standard equipment.

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Definitions:

Debt-Equity Ratio

A measure of a company's financial leverage, calculated by dividing total liabilities by shareholders' equity.

Return On Equity

An indicator of how effectively a company uses investor funds to produce profit growth, determined by dividing the net income by the equity of shareholders.

Inventory Turnover

A measure of how many times a company's inventory is sold and replaced over a certain period of time.

Interval Measure

A statistical metric used to express the amount of variance or uncertainty between data points in a series.