Common examples of ordinal scales include educational levels and social security numbers
Indicate whether the statement is true or false
FALSE
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Which of the following statements is CORRECT, assuming positive interest rates and holding other things constant?
A. Banks A and B offer the same nominal annual rate of interest, but A pays interest quarterly and B pays semiannually. Deposits in Bank B will provide the higher future value if you leave your funds on deposit. B. The present value of a 5-year, $250 annuity due will be lower than the PV of a similar ordinary annuity. C. A 30-year, $150,000 amortized mortgage will have larger monthly payments than an otherwise similar 20-year mortgage. D. A bank loan's nominal interest rate will always be equal to or greater than its effective annual rate. E. If an investment pays 10% interest, compounded quarterly, its effective annual rate will be greater than 10%.
The strategy applied in areas such as marketing, operations, finance, and accounting is known as ______.
a. divisional strategy b. synergistic strategy c. corporate strategy d. functional strategy
Under the general rule of the Third Restatement, death of a principal terminates all authority of an agent, including apparent authority, even though no notice is given to third parties
a. True b. False Indicate whether the statement is true or false
Which of the following statements about the product life cycle is FALSE?
A. If the product can be tried on a limited basis, without a lot of risk to the customer, it can usually be introduced more quickly. B. How long a whole product life cycle takes, and the length of each stage, varies a lot across products. C. Although the life of different products varies, on average product life cycles are getting longer. D. A product idea may be in a different life-cycle stage in different markets. E. The greater the comparative advantage of a new product over those already on the market, the more rapidly its sales will grow.