The term _____ refers to facts and figures that are useless unless they have meaning.
a. variable
b. raw data
c. knowledge
d. census data
Ans: b. raw data
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The costs of doing business through the sale of goods and services are called
a. Net income b. Expenses c. Revenues d. Dividends
Which of the following below generally is the most useful in analyzing companies of different sizes?
A) Comparative statements B) Common-size financial statements C) Price-level accounting D) Audit report
Determine the quantity of soap and shampoo that should be produced to maximize profit
The Salt Creek Soap Company has determined the following nonlinear model to determine the optimal pounds of industrial soap (X1) and shampoo (X2) it should produce each day. Maximize Z = X12 + 2X22 - 8X1 - 12X2 + 34 Subject to: X1 + 2X2 = 4 lbs
Those in favor of protectionism argue that it
A. encourages economic reliance on foreign countries. B. creates a more favorable environment for a global economy. C. helps reduce tariffs and quotas. D. creates opportunities for the outsourcing of domestic jobs. E. encourages the development of domestic industries.