The scale of measurement that is used to rank order the observation for a variable is called the
a. ratio scale
b. ordinal scale
c. nominal scale
d. interval scale
B
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A fundamental concept of the value chain is the _____
a. interrelationship among manufacturer, wholesaler, and retailer b. independence of all channel members c. notion that value is interpreted similarly by all final consumers d. notion that value is affected by price alone
All of the following are characteristics of a closely held corporation EXCEPT
a. the shares are publicly traded. b. the corporation can typically operate without a board of directors. c. the shareholders usually restrict share transfer. d. minority shareholders are provided more protection than in regular corporations.
A contract for the sale of land is governed by Article 2 of the UCC
a. True b. False Indicate whether the statement is true or false
Traffic flows are one dominant factor in locating manufacturing location
Indicate whether the statement is true or false