All of the following statements regarding the gross profit ratio are true except:
a. Managers, investors, and creditors use the gross profit ratio to measure one aspect of profitability.
b. The gross profit ratio alone is sufficient to determine a company's profitability.
c. If a company's net sales were $200,000 and cost of goods sold were $120,000, its gross profit ratio would be 40%.
d. The gross profit ratio explains how many cents on every dollar are available to cover
expenses other than cost of goods sold and to earn a profit.
b
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Bogdan, a painter, offers to sell his painting to Mirka for $90. Mirka responds that she needs more time to think about Bogdan's offer. Then Bogdan dies, and the value of the painting escalates. Mirka calls Bogdan's widow, Gizela, and says "I accept Bogdan's offer." Which of the following statements is true of the case?
A. There is no binding contract entitling Mirka to the painting under any circumstances. B. There is no binding contract entitling Mirka to the painting unless she actually pays Gizela the $90. C. There is a binding contract entitling Mirka to the painting if she did not know Bogdan was dead when she called Gizela. D. There is a binding contract entitling Mirka to the painting.
The task facing the marketing manager is to identify variables that describe customers in terms of their inherent characteristics, called descriptors, and to link those variables to customer behavior toward the product or service
Indicate whether the statement is true or false
Where do you enter the "hypothesized value" in XL Data Analyst to test a hypothesis about a percentage?
A) Hypothesized Value box B) Hypo Val box C) Hypothesized Percentages box D) Variable View Screen E) none of the above; XL Data Analyst does not test hypotheses for percentages
Part of British Airways' strategy is that customers can earn BA points and air miles on other airlines
Indicate whether the statement is true or false