The range of the Durbin-Watson statistic is between
a. -1 to 1
b. 0 to 1
c. -infinity to + infinity
d. 0 to 4
D
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Which of the following basic requirements must be met for an offer to sell goods to be a firm offer?
A. It must have been made orally. B. The outer limit on the period of irrevocability for firm offers must be 10 months. C. The offeror must be a merchant. D. It must contain assurances that it will be revocable.
Which of the following statements is TRUE if total fixed costs decrease while the sales price per unit and variable cost per unit remain constant?
A) The contribution margin increases. B) The breakeven point increases. C) The contribution margin decreases. D) The breakeven point decreases.
If ending inventory on December 31 . 2014, is overstated by $40,000, what is the effect on net income for 2015?
a. Net income is overstated by $40,000. b. Net income is understated by $40,000. c. Net income is overstated by $80,000. d. The answer cannot be determined from the information given.
Why are some employees positive about unions?
What will be an ideal response?