Answer:
The path around the normal purchasing channel is known as Maverick Spending.
Explanation:
The Maverick spending refers to expenses made from purchases outside the original contract, breaking the rules of previously established processes. In this example, one professor decided to disobey the original agreement and find another supplier, even though that would increase the expense greatly.
This is an actual problem for many different companies that are trying to eliminate by implementing different measures such as <em>spend analysis</em>, <em>a list of verified suppliers</em> or <em>purchasing control</em>.
Answer:
Since the opening price is set so low, potential buyers will think that their total consumer surplus is very large. For example a consumer may be willing to pay $40 for an iPod but since the price is $1 his total consumer surplus is $39, so he will tempted to offer higher bids which eventually lead to a higher final price.
Answer:
The Answer Is A Because You Spent Less Money But Dont Get Any Back.
Answer:
c
Explanation:
services are something intangible that you sell
Answer:
The answer is;
Deviation is the difference between the observed value of a quantity and the true value, residual is the difference between the observed value of a quantity and the mean of the observed values
Explanation:
The error of an observed value is the deviation of the observed value from the true value of a quantity of interest (for example, a population mean).
The residual of an observed value is the difference between the observed value and the estimated value of the quantity of interest (for example, a sample mean)
