The hit ratio is the number of variables found to be significant by the discriminant analysis
Indicate whether the statement is true or false
FALSE
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Which of the following is a condition that may lead to competitive rivalry?
A. Large number of competitors of the same size B. Fast growth C. Presence of perceived differences between competing retailers D. Low fixed costs E. Lack of competition
Cooper's inventory has been financed 100% with a long-term note. The note is coming due in 2016. Cooper has received a commitment from a new lender that permits five-year refinancing of debt up to an amount equal to 50% of inventory, which is expected to range between $14,000 and $20,000 in 2016. At December 31, 2015, how much of the company's currently maturing note payable can be classified as
long-term debt? A) $7,000 B) $6,000 C) $10,000 D) $9,000
A flexible budget summarizes revenues and costs for various levels of sales volume within a relevant range
Indicate whether the statement is true or false
Which one of the following statements is TRUE?
A. An agency cost is the reduction in firm value due to agency conflicts. B. An agency cost is the wage required to pay someone who is hired to perform a service. C. An example of an agency cost is when the board of directors pays a dividend to shareholders. D. An example of an agency cost is when an attorney hires an expert witness for a trial. E. The commission required by the Federal Housing Agency for a small business loan is an example of an agency cost.