Which of the following statistics is a measure of central location?
A. The mean.
B. The median.
C. The mode.
D. All of these choices are true.
Analysis:
A. Incorrect. The mean is a measure of central location.
B. Incorrect. The median is a measure of central location.
C. Incorrect. The mode is a measure of central location.
D. Correct. All of these choices are true.
ANSWER : D
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A company purchased a new delivery van at a cost of $45,000 on July 1. The delivery van is estimated to have a useful life of 6 years and a salvage value of $3,000. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the van during the first year ended December 31?
A. $4,000. B. $3,500. C. $7,000. D. $3,250. E. $6,500.
Figure 4.4 represents the market for gasoline in a small nation. The free trade world price of gasoline is $3.50. Suppose this small nation imposes a tariff on gasoline of $.50 per gallon. The decline in consumer surplus would be
a. area a + b. b. area a. c. area a + b + c + d + e. d. area a + b + f + g + h.
Delta Corp. is a large corporation that offers several product lines
On the company's Web site, the following content is highlighted: "The aim of our business is to achieve profitability by offering our customers high quality products that are manufactured in a cost effective manner. Our goals are to provide value to our customers, serve the community, and preserve the environment." This content is most likely to be Delta's: a. article of incorporation b. financial statement c. bona fide occupational qualification d. mission statement
Which of the following is NOT a type of service wholesaler?
A. cash-and-carry B. specialty C. general-line D. single-line E. general merchandise