________ is a clustering procedure where all objects start out in one giant cluster. Clusters are formed by dividing this cluster into smaller and smaller clusters
A) Non-hierarchical clustering
B) Hierarchical clustering
C) Divisive clustering
D) Agglomerative clustering
C
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Callander Corporation is a wholesaler that sells a single product. Management has provided the following cost data for two levels of monthly sales volume. The company sells the product for $140.50 per unit. Sales volume (units) 6,000 7,000Cost of sales$497,400 $580,300Selling and administrative costs$273,600 $294,700 The best estimate of the total variable cost per unit is: (Round your intermediate calculations to 2 decimal places.)
A. $125.00 B. $82.90 C. $128.50 D. $104.00
The relevant range of operations is a range of volume neither close to zero nor at maximum capacity.
Answer the following statement true (T) or false (F)
Demand for a product is said to be elastic if a change in price has little effect on the number of units sold.
Answer the following statement true (T) or false (F)
Mint entered the market in 2005 with comprehensive online money management systems that tells users what they are spending by aggregating financial information from online bank and credit card accounts. Today it has over 20 million users and is helping them manage over 3 billion USD in assets. It used which new entry strategy in 2005?
A. differentiated B. adaptive C. imitative D. pioneering