Which of the following is true of relationships among nominal measures?
A. When there is complete dependency, the coefficient should be negative.
B. When there is no relationship at all, the coefficient should be 0.
C. When there is complete dependency, the coefficient should be positive.
D. When there is no relationship at all, the coefficient should be 1.
E. None of the above is correct.
Answer: B
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Marcus Jones wants to invest $10,000 on January 1, 2014, so that he may withdraw 10 annual payments of equal amounts beginning January 1, 2029. If the fund earns 10% annual interest over its life, what will be the amount of each of the withdrawals?
A) $10,000 B) $14,709 C) $16,181 D) $28,402
The design engineer's preliminary estimate of a product's design, production, and distribution costs is $1,163 per unit. Market research shows potential customers are willing to pay up to $1,512 for the product. If the desired profit is 30 percent of target cost, should the company make the product?
A) No, the market price only allows for a 23% profit at this cost. B) Yes, with only slight modifications to cost. C) Yes, the desired costs and profit are right on target. D) Yes, the market price will allow for a profit that exceeds the target.
Which one of the following is likely to be the least effective way of dealing with a difficult person?
A) Use non-hostile humor to poke fun at his or her behavior. B) Break down his or her self-confidence. C) Be tactful and diplomatic even when the person is a nuisance. D) Attempt to work out a deal with the person.
Megan, a resident of Ohio, runs a red light in Texas and hits Sarah, a Texas resident. Sarah files suit against Megan. The statute that allows the Texas court to exercise jurisdiction over Megan is called a(n)
a. long arm statute. b. in personamstatute. c. in remstatute. d. out-of-state jurisdiction statute.