Simple random sampling has been used to obtain a sample of size 60 from a population of size 700 . The sample mean was 500 with a standard deviation of 60
a. Estimate the standard error of the mean.
b. Develop an approximate 95% confidence interval for the population mean.
a. 7.4 (rounded)
b. 458.2 to 514.8
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Lamar Company has total current assets of $122,000 and total current liabilities of $57,000 . What is the amount of working capital for Lamar Company?
a. $ 57,000 b. $ 65,000 c. $ 122,000 d. $ 179,000
Which of the following integrates information from across the company in order to automate order processing?
A) just-in-time inventory techniques (JIT) B) radio frequency identification (RFID) C) vertical marketing system (VMS) D) horizontal marketing system E) enterprise resource planning system (ERP)
Costs included in the Merchandise Inventory account can include all of the following except:
A. Insurance. B. Invoice price minus any discount. C. Storage. D. Damaged inventory that cannot be sold. E. Transportation-in.
For the FTC to consider a practice to be unfair, it must meet a three-part test. Which of the following is NOT one of those tests?
a. The practice causes a substantial consumer injury. b. The harm of the injury outweighs any countervailing benefit. c. The consumer had no reasonable way to recoup lost funds from the injury. d. The consumer could not reasonably avoid the injury.