Which of the following statements is correct concerning the reporting of quantitative data?
a. People are not usually interested in proportions or ratios, because they are confusing.
b. When tabulating research results of opinions and preferences, reporting exact statistics to the most accurate decimal point is necessary to avoid distortion in interpretation.
c. Common language reduces difficult figures to the "common denominators" of language and ideas.
d. Because of their absolute and understood value; dollars are a good measure of comparison from one year to another.
C
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Penetration prices often mean that the product may be sold at a loss for a certain period of time
Indicate whether the statement is true or false
Which of the following are the correct formulas to calculate the change in accounts receivable, inventories, accounts payable, and other current liabilities for cells B8, B9, B10, and B11, respectively?
a) =C2-B2, =C3-B3, =C5-B5,and =C6-B6
b) =C2-B2, =B3-C3, =B5-C5,and =C6-B6
c) =B2-C2, =B3-C3, =B5-C5,and =B6-C6
d) =C2-B2, =C3-B3, =B5-C5,and =B6-C6
e) =B2-C2, =C3-B3, =C5-B5,and =B6-C6
Value Meal Deals at a fast food restaurant in which you get a sandwich, fries, and a drink for one price are an example of price bundling
Indicate whether the statement is true or false
The initial term for which a financing statement will be effective is:
a. one year. b. five years. c. ten years. d. two years.