Simulation, which is the use of probability and statistical computer models to better understand risk, falls under the category of
a. prescriptive analytics.
b. predictive analytics
c. descriptive analytics.
d. diagnostic analytics.
b
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Which one of the following would cause a decrease in the cost ratio as used in the retail inventory method?
a. Higher retail prices b. Lower net markups c. More employee discounts given d. Higher freight-in charges
When a note is received from a customer on account, it is recorded by debiting Accounts Receivable and crediting Notes Receivable
Indicate whether the statement is true or false
Which statement regarding office customs/practices is incorrect?
a. U.S. employees are expected to keep busy while at work even during slow periods. b. Peru has one of the longest workweeks in the world. c. U.S. firms give more and longer breaks than do most European companies. d. In the United Kingdom, the only grounds for job termination are criminal behavior.
A tying arrangement occurs when:
a. a distributor is limited in who it can sell a product to b. a customer buys from two different suppliers c. there is a requirement that a certain amount of a product is purchased d. the area where a product can be distributed is limited e. none of the other choices are correct