Market researchers sent out a survey to college students in Ohio to assess their preferences in regard to three different brands of honey. When examining the average preference of the respondents, which measure of central tendency is most likely to be used to describe them?
a.Median
b.Mean
c.Mode
d.Cannot be determined
ANS:C
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A separate account for each type of material is kept in a subsidiary ledger called a(n)
a. materials requisition ledger; b. work in process ledger; c. purchases ledger; d. inventory ledger; e. stores ledger
If omitted audit procedures cannot be performed, the auditor should extend previous work done and modify the report, if necessary
a. True b. False Indicate whether the statement is true or false
If the standard deviation is 3.4, the Z value is 1.95, and the expected date of completion is 38 months, then the due date for project completion is ______.
A. 44.63 months B. 62.78 months C. 32.55 months D. 24.50 months
Porter's Five Forces of Competitive Position Model is used to determine where power exists in a company's ________
A) internal environment B) business market C) consumer market D) microenvironment E) macroenvironment