Accounting ratios are useful as management performance measures

Indicate whether the statement is true or false


T

Business

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A type of resale store that accepts used merchandise from people and pays them after it is sold is called a(n)

A. dollar store. B. supercenter. C. thrift store. D. extreme-value retailer. E. consignment shop.

Business

Which of the following represents a raw-material-exporting economy?

A) Papua New Guinea B) Democratic Republic of Congo C) India D) Egypt E) Philippines

Business

Liz agrees to cook 20 dinners for Brian, and in exchange, Brian will repair all of the plumbing in Liz's house. Liz and Brian's ‘deal' has: A) insufficient consideration, because cooking twenty dinners is not worth as much as repairing all of the plumbing in Liz's house

B) insufficient consideration, because this kind of bargain is against public policy. C) insufficient consideration, because there is a clear lack of any bargain. D) sufficient consideration, because Liz has promised something of value.

Business

The variance is equal to the _____

a. absolute value of the standard deviation b. squared value of the standard deviation c. square root of the standard deviation d. inverse value of the standard deviation

Business