The expected value of a random variable is also called its mean

Indicate whether the statement is true or false


TRUE

Business

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The customer-driven marketing strategy involves four steps: market segmentation, market targeting, positioning, and differentiation

Indicate whether the statement is true or false

Business

The primary purpose of asking a rephrasing question is to:

A. identify the prospect's concern. B. clarify the prospect's meaning. C. probe for the prospect's objections. D. encourage free discussion. E. emphasize an area of agreement.

Business

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $198,000 of raw materials on credit; issued materials to production of $195,000 of which $30,000 were indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. The journal entry to record the issuance of materials to production is:

A. Debit Raw Materials Inventory $195,000; credit Accounts Payable $195,000. B. Debit Work in Process Inventory $195,000; credit Raw Materials Inventory $195,000. C. Debit Raw Materials Inventory $195,000; credit Work in Process Inventory $195,000. D. Debit Finished Goods Inventory $195,000; credit Raw Materials Inventory $195,000. E. Debit Work in Process Inventory $165,000; debit Factory Overhead $30,000; credit Raw Materials Inventory $195,000.

Business

Many marketers are concerned about the number of potential customers within a certain area of land because of the different requirements to serve dissimilar areas. What is this segmentation variable called?

A. Micromarketing B. Population C. Market density D. MSA E. PMSA

Business