The interquartile range is used as a measure of variability to overcome what difficulty of the range?
a. the sum of the range variances is zero
b. the range is difficult to compute
c. the range is influenced too much by extreme values
d. the range is negative
C
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What is the best reason for retailers to develop and maintain relationships with multiple and sometimes competing suppliers?
A. A function of retailers is to provide assortments, so they must deal with a variety of suppliers. B. A more efficient supply chain occurs when multiple vendors are involved. C. A variety of vendors assures more profit. D. By working with multiple suppliers, retailers tend to make better negotiators. E. It would be unethical for a buyer to solely work with one supplier.
Uncle's Caps, Inc, a merchandising company, has provided the following budgeted amounts for the next budget period
Beginning cash balance $30,400 Cash collections 683,000 Payments for: Purchases of merchandise inventory 349,400 Selling and administrative expenses 70,700 Capital expenditures 88,600 A minimum cash balance of $250,000 is required to be maintained. The company can borrow in increments of $10,000 as and when required. Assume the company can borrow the needed funds at the end of the period. Calculate the ending cash balance for the budget period. A) $713,400 B) $254,700 C) $204,700 D) $733,000
Esme Inc., a manufacturer of cosmetics, ran an ad campaign in which it claimed that Esme's "Vivid" range of water-proof mascara is the best mascara in the world. It also claimed that the mascara gives 10 times more volume to the eyelashes and provides more definition to the eyes than any other mascara brand. This scenario is an illustration of
A. unfairness. B. puffery. C. deception. D. unethical advertising. E. superlative advertising.
Hazards may increase either the frequency or the severity of losses
Indicate whether the statement is true or false