An assumption of Markov analysis is that the probability of moving from a state to all other states sum to ________

Fill in the blank with correct word.


Answer: 1 (one)

Business

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It's okay to begin with a salutation like, "Hi, Brent."

a. true b. false

Business

Which type of conversation takes place when a person wants to work with someone who has the right expertise to take a “third opinion” look at a new strategy, marketing idea, or potential product?

a. The visionary conversation b. The sounding-board conversation c. The big-picture conversation d. The “expertise in inquiry” conversation

Business

In terms of big data, what includes different forms of structured and unstructured data?

A. Variety B. Veracity C. Velocity D. Volume

Business

Gray Company, a calendar year taxpayer, allows customers to return defective merchandise for a full refund within 30 days of the purchase. In 2019, the company refunded $400,000 for claims involving sales. The $400,000 consisted of $350,000 in refunds from 2019 sales and $50,000 in refunds from 2018 sales. All of the refunds from 2018 sales were for claims filed in 2018 and were paid in January and February 2019. At the end of 2019, the company had $12,000 in refund claims for sales in 2019 for which payment had been approved. These claims were paid in January 2019. Also in January 2020, the company received an additional $30,000 in claims for sales in 2019. This $30,000 was paid by Gray in February 2020. With respect to the above, Gray can deduct:

A. $350,000 in 2019. B. $362,000 in 2019. C. $392,000 in 2018. D. $442,000 in 2019. E. None of these.

Business