The expected value of the standard normal distribution is equal to:
A) 0
B) 1
C) 1.5
D) 2
Answer: A
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Gross profit is calculated as ________.
A) sales revenue less sales discounts and allowances B) sales revenue less operating expenses C) net sales revenue less sales discounts D) net sales revenue less cost of goods sold
______ is(are) useful if you need to show something that is too large or small to bring to a presentation.
a. Text b. Graphs c. Models d. Photographs
Managers who often make special pricing decisions are more likely to use which of the following cost concepts in their work?
A) Total cost B) Product cost C) Variable cost D) Fixed cost
Selamwit went to Rivercity Book Store to buy her college textbooks. She became absorbed in glancing at some bestsellers and lost track of the time. Suddenly, she realized she had to leave quickly in order to meet her date for dinner. She hastily
departed from the store, inadvertently leaving her backpack on a sales counter. Melissa, a sales clerk, noticed the backpack on the counter but left it there, expecting Selamwit to return for it. Later, when Selamwit returned to retrieve the backpack, it was gone. Selamwit sued Rivercity Book Store for the loss of her backpack. Will she be able to recover?