Which of the following makes up the smallest percentage of new products but carries the most potential (and risk) for the company introducing them?
A. new-to-the-market products
B. new-category entries
C. product-line extensions
D. revamped products
E. repositioned products
Answer: A
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Which one of the following statements best describes the concept of materiality?
A. Materiality is largely a matter of professional judgment. B. Materiality is determined by reference to specific quantitative guidelines established by the AICPA. C. Materiality depends on the nature of an item but not on the dollar amount of the item. D. Materiality depends only on the dollar amount of an item relative to other items in the financial statements.
A signature in the lower-right corner of a promissory note indicates that the signer is the maker of the note
Indicate whether the statement is true or false
A __________ reflects the size and strength of the statistical relationship between two variables.
A. correlation B. mean C. mode D. standard deviation E. range
Two major automobile manufacturers have produced compact cars with engines of the same size. We are interested in determining whether or not there is a significant difference in the mean MPG (miles per gallon) when testing for the fuel efficiency of these two brands of automobiles. A random sample of eight cars from each manufacturer is selected, and eight drivers are selected to drive each automobile for a specified distance. The following data (in miles per gallon) show the results of the test. Assume the population of differences is normally distributed. Driver Manufacturer A Manufacturer B 1 32 28 2 27 22 3 26 27 4 26 24 5 25 24 6 29 25 7 31 28 8 25 27 ? The mean of the differences is
A. .5. B. 1.5. C. 2.0. D. 2.5.