Jenkin's Card Shop had net income of $77,000 this year with owner's equity of $108,000. What is the return on investment for the year?
A) 140.3%
B) 71.3%
C) 40.3%
D) 28.7%
B
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A Type I error occurs when:
A) a good lot is rejected. B) a bad lot is accepted. C) the number of defectives is very large. D) the population is worse than the AQL. E) none of the above
A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The sales expected if the company produces and sells 16,000 units is:
A. $24,000. B. $40,000. C. $48,000. D. $64,000. E. $18,000.
Which of the following statements about comparative negligence laws is (are) true?
I. Under the pure rule, any negligence by the plaintiff automatically bars recovery for damages. II. Under the 50 percent rule, parties who are equally at fault are each allowed to recover damages. A) I only B) II only C) both I and II D) neither I nor II
Olivia and Ian were due to be wed last March when a tornado blew down the church where the wedding was to be held. Even though the wedding was postponed and they risked losing over one thousand dollars in deposits, they were not worried because they had purchased wedding insurance. The salesperson had guaranteed they would have a perfect wedding no matter what happened. When Ian called the insurance agent, he learned that the policy did not provide coverage if the wedding was postponed due to an act of nature such as a tornado. In this case, provider ________ of the gaps model of service quality was apparent as their "perfect wedding" did not happen as promised.
A. Gap 1 B. Gap 2 C. Gap 3 D. Gap 4