Because the zero point is fixed in interval scales, it is not meaningful to take ratios of scale values

Indicate whether the statement is true or false


FALSE

Business

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Which of the following is an exception that would force going-rate prices to deviate from unit

costs? A) sudden spikes in prices due to perceived future cost increases B) shifts in the perception of product category, such as a product previously considered a luxury item becoming a commodity C) presence of a few major players in the industry D) long periods of stable economic conditions that bring about economic prosperity

Business

Which of the following statements accurately brings out the difference between advertising and publicity?

A. Advertising utilizes paid media, whereas publicity relies on unpaid media. B. While advertising is primarily aimed at business customers, publicity is typically aimed at final consumers. C. While the Federal Trade Commission (FTC) can regulate a firm's publicity efforts, it cannot regulate its advertising campaigns. D. For most promotion objectives, advertising offers a lower cost and a more effective approach than publicity. E. Advertising depends on owned media, whereas publicity depends on earned media.

Business

All encumbrances must be closed at year-end.

Answer the following statement true (T) or false (F)

Business

In which of the following tools would a normal or bell-shaped curve be expected if no special conditions are occurring?

a. flow chart b. cause and effect diagram c. check sheet d. histogram

Business