Which of the following statements is FALSE about formulating the mathematical model for simulation?
a. The model has to exactly match the real system.
b. Basic assumptions that characterize the system should be included.
c. The analyst should start with a simple model and progressively make it more complex.
d. The model should abstract the essential features of the system that is being studied.
a. The model has to exactly match the real system.
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Horizontal analysis is performed by:
a. comparing expenses with incomes. b. computing and comparing ratios over the years. c. comparing ratios with industry standards. d. computing dollar and percentage changes in financial statement items.
What are the advantages of international marketing strategy standardization?
What will be an ideal response?
Which of the following statements regarding tax payments is true?
A. Sole proprietors are not required to pay income tax or self-employment tax until the return is filed. B. Sole proprietors must make quarterly estimated payments of income tax and self-employment tax. C. Sole proprietors must make quarterly estimated payments of income tax, but self-employment tax is not due until the return is filed. D. Sole proprietors must make quarterly estimated payments of self-employment tax, but income tax is not due until the return is filed.
If a consumer purchases a new flat-screen "smart" television which can connect to services like Netflix and Pandora, what is the core customer value involved?
A) connection to entertainment and information B) state-of the art technology C) slick and attractive packaging D) brand name E) tech support and warranty