Before a market survey is done, there is a 50/50 chance that a new soccer supply store would be a success. The people doing the survey have determined that there is a 0.9 probability that the survey will be favorable given a successful store
There is also a 0.75 probability that the survey will be unfavorable given an unsuccessful store. What is the probability that the survey will be unfavorable?
(1 ? .9 )(.5 ) + (.75 )(.5 ) = 0.425
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The numerator used to calculate accounts receivable turnover is
A) total sales B) net sales C) accounts receivable at year-end D) average accounts receivable
Which of the following statements about variances is false?
a. Ideal standards will rarely, if ever be met. b. Expected standards will usually be met 60-70% of the time. c. Standards that provide for no inefficiency of any kind are called theoretical standards. d. Establishing upper and lower tolerance limits for deviations allows managers to implement the management-by- exception concept.
The first number in a split liability limit indicates the maximum amount that will be paid out for bodily injury to a single person
Indicate whether the statement is true or false
A ______ is a form of check in which the bank is both the drawer and the drawee
a. real check b. bank check c. cashier's note d. credit check e. none of the other choices are correct