Operating leverage is the use of fixed cost to extract higher percentage changes in profits as sales activity changes

Indicate whether the statement is true or false


True

Business

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Marcy and Elliot are both sophisticated merchants who deal in diamonds. Marcy contracted to purchase a diamond for $20,000 . The day after the purchase, Marcy took the diamond to a jeweler's show but the highest offer for the diamond was only $10,000 . Is Marcy's contract for purchase of the diamond for $20,000 unconscionable?

Business

Delilah files a petition in bankruptcy. The proceeding is governed by the Bankruptcy Code, which is part of

A. state law. B. federal law. C. the U.S. Constitution. D. international law.

Business

The following information was obtained from matched samples taken from two populations.The daily production rates for a sample of workers before and after a training program are shown below. Assume the population of differences is normally distributed. Worker Before After 1 20 22 2 25 23 3 27 27 4 23 20 5 22 25 6 20 19 7 17 18 ? Given that the null hypothesis to be tested is H0: ?d = 0, 

A. the null hypothesis should be rejected. B. the null hypothesis should not be rejected. C. the alternative hypothesis should be revised. D. the null hypothesis should be revised.

Business

A state can tax only those corporations that have their home offices in or are incorporated in that state

Indicate whether the statement is true or false

Business