The Leontief paradox
a. supported the factor-endowment theory.
b. concluded that exports were less capital intensive than import-competing goods.
c. found that national income differences underlie world trade patterns.
d. implied that diseconomies of scale occur at low output levels.
b. concluded that exports were less capital intensive than import-competing goods.
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Which of the following is true for self-service retailing?
A) These retailers carry more shopping goods and services such as credit and merchandise-return privileges. B) This service model is favored by discount stores and customers who want to save money. C) It results in high staffing costs compared to other forms of retailing. D) Salespeople are ready to assist in every phase of the "locate-compare-select" process. E) Customers need more information and assistance than in other forms of retailing.
The bank reconciliation uncovered a transposition error in the books. This is an example of a
a. preventive control b. detective control c. corrective control d. none of the above
The depth and detail of a business plan depend on:
A. the amount of capital needed. B. the experience of the entrepreneur. C. the size and scope of the new venture. D. the target audience.
Demand for soccer balls at a new sporting goods store is forecasted using the following regression equation:
Y = 98 + 2.2X where X is the number of months that the store has been in existence. Let April be represented by X = 4. April is assumed to have a seasonality index of 1.15. What is the forecast for soccer ball demand for the month of April (rounded to the nearest integer)? A) 123 B) 107 C) 100 D) 115 E) None of the above