When Colleges Use Yield Management Techniques, They

question 57

Multiple Choice

When colleges use yield management techniques, they

• A) rank students on the basis of academic merit and award higher financial aid offers to those at the top of the ranking.
• B) increase financial aid offers to students whose demand for college education is likely to be more price elastic and reduce financial aid offers to students whose demand for college education is likely to be less price elastic.
• C) rank students on the basis of academic merit and award higher financial aid offers to those at the bottom of the ranking.
• D) increase financial aid offers to students whose demand for college education is likely to be more price inelastic and reduce financial aid offers to students whose demand for college education is likely to be less price inelastic.

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Definitions:

National Security Act of 1947

A major restructuring of the United States government's military and intelligence agencies following World War II, creating the Department of Defense, the Central Intelligence Agency (CIA), and the National Security Council (NSC).

Department of Defense

The Department of Defense is a federal agency responsible for coordinating and supervising all agencies and functions of the government relating directly to national security and the United States armed forces.

Armed Forces

The military forces of a country, including the army, navy, air force, and other branches responsible for defense and security.

Soviet Union

A former federal socialist state in eastern Europe and northern Asia, existing from 1922 to 1991, officially known as the Union of Soviet Socialist Republics (USSR).