When computing the correlation coefficient, the _______ between variables, not the _______ between groups, is being examined.
a.Relationship; difference
b.Difference; relationship
c.Means, reliability
d.Reliability; means
ANS:A
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What change in customer retention results from an increase from 5 to 10 years of an average customer life?
A) a decrease of 5% B) an increase of 5 % C) an increase of 10% D) a decrease of 10% E) the value remains the same
This question contains two parts; be sure to answer each. First, summarize Porter's four competitive strategies, giving examples of companies that use each of the strategies. Next, suppose you are CEO of PaperWhite, a company that produces reams of copy paper. Which strategy would you use, and why?
What will be an ideal response?
Answer the following statements true (T) or false (F)
1. Accounting firms, building contractors, and healthcare providers use process costing. 2. A job order costing system is used by companies that manufacture batches of unique products or provide specialized services. 3. A process costing system is used when a company produces identical units through a series of production steps. 4. A job order costing system would be appropriate for a manufacturing company that manufactures identical units through a series of uniform production steps. 5. A cost accounting system will assist a manager in determining how many and which products to produce.
When deciding how to fulfill a purchasing need, a business would most likely find leasing the product to be the best option when ________
A) the business has the capacity to produce the product B) the product is expected to have rapid technological change C) the business wants to retain a competitive uniqueness D) the product is expected to need little servicing E) the product is expected to undergo few changes