Only the _______ level of measurement has a true zero.
a.Nominal
b.Ordinal
c.Interval
d.Ratio
ANS:D
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Your bank account pays an 8% nominal rate of interest. The interest is compounded quarterly. Which of the following statements is CORRECT?
A. The periodic rate of interest is 8% and the effective rate of interest is also 8%. B. The periodic rate of interest is 2% and the effective rate of interest is 4%. C. The periodic rate of interest is 8% and the effective rate of interest is greater than 8%. D. The periodic rate of interest is 4% and the effective rate of interest is less than 8%. E. The periodic rate of interest is 2% and the effective rate of interest is greater than 8%.
Congress has authority to create regulatory agencies and give them powers to enact rules under which clause(s) of the Constitution:
a. the trade clause b. the agency clause and the property clause c. the agency clause and the regulatory clause d. the commerce clause and the necessary and proper clause e. the defense clause
About_____of material is being uploaded to YouTube every minute making it difficult to review all material submitted for posting
a. 120 hours b. 24 hours c. 48 hours d. 100 hours
[The following information applies to the questions displayed below.] Chase Co. uses the perpetual inventory method. The inventory records for Chase reflected the following information:Jan 1Beginning Inventory300 units @ $2.30Jan 12Purchase400 units @ $2.10Jan 18Sales500 units @ $3.80Jan 21Purchase300 units @ $2.40Jan 25Purchase100 units @ $2.20Jan 31Sales450 units @ $3.80Assuming Chase uses a FIFO cost flow method, what is the ending inventory on January 31?
A. $330 B. $345 C. $1,020 D. $340