Regression analysis was applied between sales data (y in $1000s) and advertising data (x in $100s) and the following information was obtained. y = 12 + 1.8x n = 17 SSR = 225 SSE = 75 sb1 = .2683 The t statistic for testing the significance of the slope is
a. 1.80.
b. 1.96.
c. 6.71.
d. .56.
c
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Your firm's policy is to respond to some of the comments your customers make on Facebook and Twitter. What should you do when responding to these comments?
A) Use a friendly, upbeat, professional tone. B) Take this opportunity to name your competitors and explain how much better your products are. C) Avoid admitting mistakes. D) You should do all of these when responding.
Sheila and Rob mutually decide to start a business together. Being close friends, they do not enter into a written agreement and agree to split all responsibilities and profits equally
However, Sheila soon finds herself saddled with more than her share of work. She now resents splitting the profits equally since her contribution to the business is more. This has affected Rob and Sheila's friendship. What form of business organization is followed by Rob and Sheila? What should they have done to prevent any misunderstandings between themselves? Can Sheila legally claim a greater share of profits?
List three critical questions that a feasibility study should answer.
What will be an ideal response?
During the growth stage of the product life cycle, companies will need to ______.
a. increase capacity b. keep capacity constant c. reduce capacity d. adjust product pricing