The simplest type of measuring system is the:
a. interval scale.
b. ratio scale.
c. nominal scale.
d. ordinal scale.
ANSWER: C
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Collecting information that is made available to multiple subscribers in standardized form would be characteristic of:
A) a syndicated data service firm B) an internal supplier firm C) customized process firms D) syndicated services firms E) a standardized service firm
Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.
Answer the following statement true (T) or false (F)
Use this information to answer the following question. Oct. 1 Inventory 200 units @ $12.00 6 Purchase 300 units @ $13.20 13 Purchase 100 units @ $14.40 20 Purchase 200 units @ $15.60 25 Purchase 40 units @ $16.80 Total sales 620 units A periodic inventory system is used. Using LIFO, cost of goods sold is
A) $3,480. B) $8,928. C) $2,664. D) $8,112.
In which of the following ways do the ethical theories compare or contrast with Lawrence Kohlberg’s six stages of moral reasoning?
a. Egoism does not correspond well to any of Kohlberg’s stages. b. Virtue ethics, the highest level ethical theory, matches Stage 6, Kohlberg’s highest. c. Utilitarianism can be seen in every Kohlberg stage. d. Cultural relativism is seen most strongly in Stage 1 because of all the cultural influences on early child development.