For a U.S.-based entrepreneurial firm, the 75 percent of the world's population living outside the United States offers a very large market opportunity.
Answer the following statement true (T) or false (F)
False
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Assume that the nominal interest rate in an economy is 3 percent and the cost of going to the ATM is $1.50. You spend $5 each day, and there is also a 12 percent probability of having your cash lost or stolen. a.What is your total cost of holding cash as a function of the number of days between trips to the ATM? b.How often will you go to the ATM to minimize your costs?
What will be an ideal response?
Since the median is the middle value of a data set it
A. must always be smaller than the mode. B. must always be larger than the mode. C. must always be smaller than the mean. D. none of these alternatives is correct.
Red Hot Mexican Grill, a chain of Mexican-style casual dining restaurants in America, has traditional Mexican décor throughout the restaurant and the waiters are dressed in Mexican hats. This is best an example of ________
A) service reliability B) service assurance C) performance D) appearance E) responsiveness
Answer the following statements true (T) or false (F)
1. Operating leverage predicts the effects fixed costs have on operating income when sales volume changes. 2. The degree of operating leverage for Madrigal Company is 2. The actual operating income is $14,000. If the company expects a 25% increase in sales, operating income should increase by $3,500. 3. The sales mix provides the weights that make up total product sales. 4. Sales mix, or product mix, is the combination of products that make up total sales. 5. Barnes Company sells two products, X and Y. For the coming year, Barnes predicts sales of 5,000 units of X and 10,000 units of Y. The contribution margins per unit of products X and Y are $5 and $4, respectively. The weighted-average contribution margin is $6.50 per unit.