What is the number of trading days in a year usually assumed for equities?
A. 365
B. 252
C. 262
D. 272
B
Analysts usually assume that there are 252 trading days in a year for equities.
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Which of the following statements is true of results-oriented rating methods of appraising employee performance?
A. They place primary emphasis on what an employee produces. B. They evaluate each employee in terms of performance standards without reference to others. C. They use critical incidents to describe various levels of performance. D. They focus on employee behaviors.
Six months before filing for bankruptcy, Shirley sold her new car to her brother for $100 so that her creditors could not claim it. The market value of the car was $8,000 at the time of the sale. Under these circumstances, the transfer is ________.
A. voidable by the trustee because Shirley did not receive fair consideration for this transfer B. voidable by the creditors because it was done with intent to defraud the creditors C. not voidable because the transfer occurred between two relatives D. not voidable by the trustee because the transfer occurred 6 months before Shirley filed her bankruptcy petition
Economies of scale
A. are only relevant to manufacturing industries. B. refer to the rising scale on which efficiency improves as a result of cumulative experience and learning. C. occur due to the presence of abundance resource endowments within a nation. D. are difficult to achieve if fixed costs are high. E. are the predictable decline in the average cost of producing each unit of output as a production facility gets larger and output increases.
Assume that customer arrivals at a small cafe can be modeled by a Poisson distribution. The average arrival rate is 3 customers per hour. What is the probability of exactly 2 arrivals in the next hour (to two decimal places)?
a. 1.00 b. 0.15 c. 0.22 d. 0.45