What is a standardized score?
What will be an ideal response?
ANS:
A standardized score has a predefined mean and standard deviation so comparisons between different tests can easily be made. The SAT and GRE are examples of tests with standardized scores.
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Purchasing a competitor's product and taking it apart, studying the cost of the components, and packaging describes the process of:
A) outsourcing. B) reverse engineering. C) insourcing. D) horizontal integration.
Bag Ladies, Inc. manufactures two kinds of bags—totes and satchels. The company allocates manufacturing overhead using a single plantwide rate with direct labor cost as the allocation base. Estimated overhead costs for the year are $24,500. Additional estimated information is given below.
Calculate the amount of overhead to be allocated to Totes. (Round any percentages to two decimal places and your final answer to the nearest dollar.)
A) $462
B) $333
C) $11,299
D) $13,202
The proposals that will either meet company strategic goals or produce the minimum rate of return will receive serious review in the preliminary screening process
Indicate whether the statement is true or false
Clearwater Hampers is a small British company that sells luxury food and drink in various combinations in picnic hampers. Food and wine are seen as classic, fail-safe gifts in a market where gift-giving is increasingly tricky. Corporate customers, both in the United Kingdom and abroad, are important to the business. The firm's products are also available in a number of retail establishments around the world. The leading salesperson for Clearwater Hampers is Peter Austin who has been with the company since it began operation in 1979. The firm's owners were originally trout farmers who needed a source of income during the winter months and who diversified into selling fine liquors, cheeses, chocolates, and other luxury food items. The company uses a variety of promotions to make prospects
aware of the company's products.Clearwater Hampers spends money on advertising for all of the following reasons EXCEPT to: A. create cognitive dissonance about recent purchases. B. educate customers about the company's picnic hampers. C. increase overall sales. D. inform prospects that a product is on the market. E. develop leads for Austin and the rest of its sales force.