Categorical measures are the most difficult level of measurement to analyze

Indicate whether the statement is true or false


FALSE

Business

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Assuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90­day, discounted note payable of $100,000 is

a. $6,000 b. $1,500 c. $500 d. $3,000

Business

Which of the following statements about the break-even point is true?

A) It is used to determine how many more units need to be sold to increase market share by a specific amount. B) It is a technique used to calculate fixed costs. C) It determines the amount of retained earnings a company will have during an accounting period. D) It is a technique marketers use to examine the relationship between supply and demand. E) It is calculated using contribution per unit costs and total fixed costs.

Business

Closing entries are made

A) to clear revenue and expense accounts of their balances. B) to clear dividends of its balance. C) to summarize a period's revenues and expenses. D) All of these choices.

Business

______ is commonly used when discussing employees leaving the organization.

a. Outflow b. Matriculation c. Withdrawal d. Turnover

Business