In order to estimate the average time spent on the computer terminals per student at a local university, data were collected for a sample of 81 business students over a one-week period. Assume the population standard deviation is 1.8 hours. If the sample mean is 9 hours, then the 95% confidence interval is
a. 7.04 to 110.96 hours
b. 7.36 to 10.64 hours
c. 7.80 to 10.20 hours
d. 8.61 to 9.39 hours
D
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_________________________ can rely on lower prices or special features appealing to a subset of the market and becoming a niche brand.
a. Mid-level brands b. Runner-up competitors c. All brands d. Category Leader
The UCC Battle of the Forms rule:
A) changes the mirror image rule. B) may yield different results depending on whether the parties are merchants. C) may result in formation of a contract different from the terms of the offer. D) All of these.
Which of the following best explains why the service sector is a natural avenue for e-commerce?
A) The service sector is less geographically reliant and more globally oriented. B) The service sector has historically been more technology-reliant. C) Much of the value in services is based on the collection, storage, and exchange of information. D) It is not; services are difficult to translate to e-commerce because they rely on face-to-face communication and barter.
Your small business has been very successful and has amassed a large amount of accounts receivable from reputable firms, but you find yourself short of ready cash to replace inventory. How could a factor help you?
What will be an ideal response?