The _____ is the middle value of a distribution when the distribution is ordered in either an ascending or a descending sequence.

A. variance
B. average
C. mode
D. mean
E. median


Answer: E

Business

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Coke and bottled water brands continue to run sales promotions and compete strongly on price. Clearly, the best solution would be for neither to promote which would jointly maximize their profits

However, both are worried that if they stop promoting while the other does not, they will suffer. As a result, the equilibrium is heavy promotion by both and lower total profits. With reference to the game theory, this is an example of: A) generic equilibrium. B) prisoner's dilemma game. C) leader—follower game. D) best strategy game.

Business

The computation of the reliability of the system assumes that the reliabilities of the individual components are ______ events.

A. mutually exclusive B. dependent C. joint D. independent

Business

When calculating a partial year's depreciation, the length of time an asset has been owned usually is rounded to the nearest month. This rounding practice is justified by the principle or rule of

a. matching. b. materiality. c. conservatism. d. full disclosure.

Business

The market for two-way radios is rapidly shrinking. A company that has a small share of the two-way radio market would be considered a(n) ________ in terms of the BCG growth-market matrix

A) exclamation mark B) dog C) cash cow D) star E) question mark

Business