A Markov assumption is that the probabilities in each row sum to 1 because they are mutually exclusive and collectively exhaustive

Indicate whether this statement is true or false.


Answer: TRUE

Business

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Cuero Co reported a net loss of $30,000 for 2015, yet its cash balance increased during the year. Which financial statement should Cuero's management refer to for an explanation of this situation?

a. Balance sheet b. Income statement c. Statement of Retained Earnings d. Statement of Cash Flows

Business

Why is the business buying process more formalized than the consumer buying process?

What will be an ideal response?

Business

The foundation of individual behaviors that affect behavior and performance include all of the following, EXCEPT ______.

a. skills b. perception c. personality d. attitudes

Business

The employees’ abilities, outside work activities, available resources, working conditions, and the style of management are important factors to consider when ____.

a. Conducting an appraisal of employees b. Diagnosing what is thought to be a motivation problem c. Diagnosing the team structure of a department d. Diagnosing the management hierarchy

Business