Suppose we have a 0-1 output for whether a bidder wins a contract in a bidding model (0=bidder does not win contract, and 1=bidder wins contract). From the mean of this output, what can we determine?
a. the mean number of bidders
b. the average winning bid
c. the probability that the bidder will win the contract
d. the standard deviation of the next highest competitor's bid
e. none of these choices
c
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Honda has invested $550 million in building an assembly plant in Greensburg, Indiana; IKEA spent nearly $2 billion to open stores in Russia; and South Korea's LG Electronics purchased a 58% stake in Zenith Electronics. All of these are examples of:
A) acquisition. B) licensing. C) franchising. D) FDI. E) exporting.
Adequate backups will protect against all of the following except
a. natural disasters such as fires b. unauthorized access c. data corruption caused by program errors d. system crashes
Which of the following statements characterizes defined benefit plans?
a. They are comparatively simple in construction and raise few accounting issues for employers. b. Retirement benefits depend on how well pension fund assets have been managed. c. Retirement benefits are based on the plan's benefit formula. d. All of these.
Sales departments and marketing departments often compete for:
A) the largest number of employees in the company B) the biggest customers C) financial resources and budget share D) management's favor E) product to give away