Answer the following statement(s) true (T) or false (F)
1. In portfolio models, risk is minimized by diversification.
2. Revenue management methodology can be applied in the case of nonperishable assets.
3. In a data envelopment model, dual prices inform reservation agents of the revenue loss associated with overbooking each origin-destination-itinerary fare (ODIF).
4. In game theory, the player seeking to maximize the value of the game selects a maximax strategy.
5. The analysis of a two-person, zero-sum game begins with checking to see whether a pure strategy exists.
1. True
2. True
3. False
4. False
5. True
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The following information is reported in the operating activities section of Gateway's statement of cash flows for 2014: Net income $1,200,000 Increase in inventories 600,000 Decrease in accounts payable 400,000 Which one of the following conclusions can be assumed from the information provided?
a. Gateway used the direct method to determine cash flows from operating activities. b. Gateway purchased more merchandise than it sold in 2014. c. Cash payments for merchandise purchases were less than the amount of merchandise purchased on credit during 2014. d. Cash payments for merchandise exceeded cost of goods sold by $200,000.
Which of the following is INCORRECT regarding zoning?
a. Zoning restrictions can be used to regulate, but not to take, private property. b. A variance permits an otherwise impermissible use of the property. c. A zoning ordinance needs no reasonable relationship to public health, safety, or morals to be upheld. d. A nonconforming use may be permitted where property was so used prior to adoption of the zoning ordinance.
Qriosity Inc., a company of less than 100 seats, is in need of suitable ERP software. The company having had a long, fruitful relationship with Microsoft for more than 10 years, wants to buy a Microsoft ERP product? Which of the following is suitable ERP software for Qriosity Inc.?
A. Microsoft Dynamics AX B. Microsoft Dynamics GP C. Microsoft Dynamics SL D. Microsoft Dynamics NAV
In an organization with a global structure, to achieve organizational efficiency, duplicate information systems must be eliminated
Indicate whether the statement is true or false