In some cases, the types of services offered by a supplier may constitute a competitive advantage over suppliers of similar products.

Answer the following statement true (T) or false (F)


True

Business

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The probability that Pete will catch fish when he goes fishing is .88. Pete is going to fish 3 days next week. Define the random variable x to be the number of days Pete catches fish. The expected number of days Pete will catch fish is

A. 0.56. B. 0.88. C. 2.64. D. 0.3168.

Business

On a CVP graph, the total revenue line intersects the y-axis at zero

Indicate whether the statement is true or false

Business

Under the periodic inventory system, the journal entry to record the cost of merchandise sold at the point of sale will include the following account

A) No entry is made. B) Cost of merchandise sold C) Inventory D) Purchases sold

Business

A set of perceptions of what employees owe their employers and what their employers owe them is known as

A) a personality contract. B) cognitive dissonance. C) a psychological contract. D) employee intelligence. E) procedural justice.

Business