Using ambiguous or vague words in an argument is known as ____, and may or may not be intentional.
A. bias
B. equivocation
C. normalization
D. social conditioning
Answer: B
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In marketing, sales, cost, market share, and number of customers are variables measured on a ________ scale
A) nominal B) ordinal C) interval D) ratio
Which of the following liabilities is NOT contingent?
a. A liability to replace a specific defective television set already returned to the manufacturer b. A liability to pay pension benefits if a specific employee lives to retirement c. A liability to pay any adverse judgment for a product liability case currently on appeal d. A liability to pay for books received by a college bookstore under terms that allow for the return for full refund of any books not sold
The accounts receivable turnover ratio indicates how quickly a firm collects its accounts receivable
Indicate whether the statement is true or false
The risk component for entrepreneurs______.
a. is unavoidable and entrepreneurship is ideal for extreme risk-takers b. can be reduced with a good business plan c. can be reduced with diversification d. can be managed with the cycle of act–learn–build