In an undisclosed agency, the principal is solely liable on the contract with the third party
Indicate whether the statement is true or false
FALSE
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Companies using seasonal inventory will maintain a level inventory increase rate of production for periods of high demand
Indicate whether the statement is true or false.
The amount of credit specified in a letter of credit must be taken by the beneficiary in the form of a lump-sum payment
Indicate whether the statement is true or false
The average starting salary of students who graduated from colleges of Business in 2009 was $48,400 . A sample of 100 graduates of 2010 showed an average starting salary of $50,000 . Assume the standard deviation of the population is known to be $8000 . We want to determine whether or not there has been a significant increase in the starting salaries
a. State the null and alternative hypotheses to be tested. b. Compute the test statistic. c. The null hypothesis is to be tested at the 5% level of significance. Determine the critical value for this test. d. What do you conclude? e. Compute the p-value.
Which of the following is not one of the features of the new model of progressive purchasing? a. Developing closer relationships with important suppliers
b. Performing due diligence on suppliers before awarding longer-term contracts. c. Focusing primarily on price analysis and short term contracts. d. Conducting worldwide Internet searches for the best sources of supply. e. Inviting key suppliers to participate in product and process development.