When an objective function is nonlinear, any local optimum is also a global optimum
a. True
b. False
B
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________ are reductions from a product's normal list price and are given to customers as an inducement to buy more of the same product.
A. Subsidies B. Discounts C. Allowances D. Trade-ins
Brands are built only by advertising
Indicate whether the statement is true or false
A postaudit is:
A. An analysis of the capital budgeting method used. B. An analysis of risk changes over the life of an investment. C. An evaluation of a project's actual results versus its projected results. D. A review by outside auditors to assess efficiency. E. An evaluation of the effectiveness of the budgeting committee.
In order not to violate the requirements necessary to use the chi-square distribution, each expected frequency in a goodness of fit test must be
a. at least 5 b. at least 10 c. no more than 5 d. less than 2