A good or service purchased to satisfy personal and family needs is a(n) ________ product

A) Convenience.
B) Industrial.
C) Specialty.
D) Shopping.
E) Consumer.


Ans: E) Consumer.

Business

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A cannery claims that its sardine cans have a net weight of 8 oz., with a standard deviation of 0.1 oz. You take a simple random sample of 30 cans and encounter a sample mean of 7.85 oz. Does this provide convincing evidence to reject the claimed weight of 8 oz?

What will be an ideal response?

Business

Which of the following is an example of a discretionary fixed cost?

A) executive travel costs B) cost of leasing machinery C) license fees for fleet of vehicles D) depreciation on factory building

Business

Agile methodologies aim at being predictive rather than adaptive

Indicate whether the statement is true or false

Business

It is improper to combine manufacturing costs and overtime costs in the same objective function

Indicate whether the statement is true or false

Business