The sum of deviations of the individual data elements from their mean is
A. always greater than zero.
B. always less than zero.
C. sometimes greater than and sometimes less than zero, depending on the data elements.
D. always equal to zero.
Answer: D
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The Merchandise Inventory account of a company shows a balance of $30,000, but a physical count of inventory shows $29,000. Which of the following entries is required to record the shrinkage? (Assume a perpetual inventory system.)
When shopping for a car you notice a significant price gap between domestic and imported cars, with the imported cars being much more expensive. This could be the result of
A. overseas consolidation. B. franchising. C. a tariff. D. globalization. E. a boycott.
Extraneous variables are all variables other than the independent variables that affect the response of the test units
Indicate whether the statement is true or false
Defining and adhering to an organizational mission, evaluating ownership and management alternatives, and outlining the goods/service category to be sold are parts of which element of retail strategy?
a. store operations b. situation analysis c. identification of consumer characteristics d. objectives determination