Expected future revenues that differ among the alternatives under consideration are often referred to as:
A. Alternative revenues.
B. Differential revenues.
C. Relative revenues.
D. Preferential revenues.
Answer: B
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Monetary-unit sampling is said to eliminate the need to stratify the sample because:
A. the risk of incorrect acceptance is inversely related to sample size. B. the upper limit on misstatements can be computed based on statistical principles. C. tolerable misstatement is considered when determining sample size. D. sample items are selected in proportion to their dollar amount.
Tyrone's communication professor gives Tyrone's class an assignment to present a persuasive speech that attempts to convince the class to start or stop doing something, knowing it contradicts what they have always been taught. One of Tyrone's classmates tries to convince his classmates to stop using toothpaste (and start using baking soda instead). Another tries to convince her classmates to try eating grasshoppers (because she maintains insects are the protein of the future). This assignment intentionally collides with Tyrone's class members' _______.
a. egocentrism b. ethnocentrism c. patriotism d. phobias
Marketing intermediaries can reduce the cost of exchanges.
Answer the following statement true (T) or false (F)
A cumulative relative frequency distribution shows
a. the proportion of data items with values less than or equal to the upper limit of each class. b. the proportion of data items with values less than or equal to the lower limit of each class. c. the percentage of data items with values less than or equal to the upper limit of each class. d. the percentage of data items with values less than or equal to the lower limit of each class.