A requirement for a frequency distribution is that the set of classes must be mutually exclusive. This means that

a. the set of classes must include all possible data values.
b. a given data value can fall into only one class.
c. the classes must have equal widths.
d. classes must have an upper limit.
e. classes must have a lower limit.


B

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A ________ is a group of products that are closely related because they function in a similar manner, are sold to the same customer groups, are marketed through the same type of outlets, or fall within given price ranges

A) product line B) line extension C) private brand D) multibrand E) new brand

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Identify a true statement about a limited liability partnership (LLP)

A. A general partner of a limited liability partnership is responsible for the negligence and irresponsibility of limited partners. B. ?A limited partner of a limited liability partnership is responsible for the general management of the partnership business. C. A general partner of a limited liability partnership is liable to pay tax on all the partnership income. D. A general partner of a limited liability partnership is personally liable for all business debts. E. A limited partner responsible for the negligence and irresponsibility of general partners.

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The use of agency arrangements allows a U.S. firm to avoid taxation on sales made in its agent's country

Indicate whether the statement is true or false

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A badly managed small business is more liquid than a well-managed company.

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

Business