Capitalism is an example of a planned economy.
Answer the following statement true (T) or false (F)
False
The two key categories of planned economies are socialism and communism. Socialism is an economic system based on the principle that the government should own and operate key enterprises that directly affect public welfare, such as utilities, telecommunications, and healthcare. See 2-4: Planned Economies: Socialism and Communism
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Which of the following is true of customer value?
A. It is not beneficial to personal selling. B. The factors that constitute customer value are common for all customers. C. It is always determined by the customer and not the salesperson. D. It is not affected by the behavior of salespeople. E. It is determined by a salesperson's perception of what customers will get in exchange for their money.
In cases where the population standard deviation is unknown, it is estimated by the sample standard deviation. In this case, the standard error of the mean becomes:
A) mean / proportion B) standard variate / standard deviate C) the z-value D) p (1 - p) E) sample standard deviation / square root of sample size
If a long-term investment suffers a permanent decline in value, a loss must be recorded, even though the investment has not yet been sold
Indicate whether the statement is true or false
A machine has a mean time between failures of 514 hr and mean time to repair of 19 hr. In this case, the availability is ______.
A. 96.4% B. 99.2% C. 81.7% D. 97.8%