The three main line functions of any business include Operations, Finance and Marketing
Indicate whether the statement is true or false
TRUE
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Answer the following statements true (T) or false (F)
1) The days' sales in inventory ratio is calculated by dividing cost of goods sold by the average merchandise inventory. 2) A higher days' sales in inventory is preferable. 3) Accounting is simpler in a periodic inventory system because the company keeps a daily running record of inventory on hand. 4) The periodic inventory system works well for small businesses in which the inventory is not large in size or dollar amounts. 5) For all four inventory costing methods, cost of goods sold is always equal to the sum of beginning inventory plus net purchases.
A __________ reflects the size and strength of the statistical relationship between two variables.
A. correlation B. mean C. mode D. standard deviation E. range
The following is a relative frequency distribution of grades in an introductory statistics course. Grade RelativeFrequency A 0.22 B ? C 0.18 D 0.17 F 0.06 If this was the distribution of 200 students, find the frequency for the highest two grades.
A. 74 B. 44 C. 59 D. 35 E. 118
Which of the below best describes the competitive tendencies of small firms?
A. Small firms tend to signal their competitive actions long before they launch those actions, because they lack legitimacy in the marketplace B. Small firms typically have more resources available as they undertake competitive attacks than do large firms. C. Small firms are more nimble and can respond quickly to competitive attacks. D. Small firms are more nimble and cannot respond quickly to competitive attacks.