Which of the following statements is always correct?
A. P(A and B) = P(A) P(B)
B. P(A or B) = P(A) + P(B)
C. P(A)= 1-P(Ac)
D. None of these choices.
A
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Which of the following statements about a company's operating cycle is not true:
A. For a merchandiser selling products, the operating cycle is the time span between paying suppliers for merchandise and receiving cash from customers. B. The operating cycle is the time span from when cash is used to acquire goods and services until cash is received from the sale of goods and services. C. Non-current items are those expected to come due within one year or the company's operating cycle. D. Most operating cycles are less than one year. E. The length of a company's operating cycle depends on its activities.
The expenses incurred by firms trying to create synergy through acquisition are called __________ costs.
A. differentiation B. diversification C. transaction D. interaction
Average U.S. wages in 1990 were $28,960, far larger than the average wage in 1930 of $1,970. What was the average annual increase in wages over this 60-year period?
A) 3.31% B) 2.45% C) 24.50% D) 4.58%
A reverse auction refers to an online auction
A. in which a buyer communicates a need for a product or service and would-be suppliers are invited to bid in competition with each other. B. in which a manufacturer offers to share its facilities, inventory, or services with other smaller firms that are invited to bid in competition with each other. C. in which a smaller manufacturer seeks to share the facilities, inventory, or services of a larger firm, and invites those firms to bid in competition with each other. D. where firms may sell their overstock - unused raw materials, packaging, and tools - to the highest bidder. E. where firms seek to purchase other firms' overstock - unused raw materials, packaging, and tools - while trying to find the lowest price possible.