The intersection of two mutually exclusive events

A. can be any value between 0 to1.
B. must always be equal to 1.
C. must always be equal to 0.
D. can be any positive value.


Answer: C

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The concept of federal law taking precedence over state or local law is called the preemption doctrine.

Answer the following statement true (T) or false (F)

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Arguments for trade restrictions include all but

A. punishment of offending nations. B. fair competition and retaliation. C. sovereignty rights. D. national defense, infant industry, and job protection.

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Direct operating margin percentage is determined by the following process:

a. Divide departmental direct operating margin by departmental net sales. b. Divide departmental expenses by departmental gross profit. c. Divide departmental direct operating margin by departmental gross profit. d. Divide departmental direct operating margin by departmental cost of goods sold. e. Divide departmental net sales by departmental direct operating margin.

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Fraction, ratios, and percentages are examples of which of the following:

a. common language b. data distortion c. diverse language d. qualitative interpretation

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