Describe the concept of "collectively exhaustive" in the context of Markov analysis
What will be an ideal response?
Collectively exhaustive means that we can list all of the possible states of a system or process.
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Which of the following statements is true regarding a company's segment margin?
A) It is primarily used to make short-term decisions such as cost-volume-profit (CVP) analysis and special order decisions. B) It ignores all fixed costs. C) It is primarily a measure of long-term profitability. D) It should not be used to make decisions on whether or not to drop a product line.
A party injured by fraud generally has the choice of suing for damages or rescinding the contract
a. True b. False Indicate whether the statement is true or false
Kip opens an account at a Lotsa Goodies Store, and buys a digital music player and other items, but makes no payments on the account. To collect the debt, Mako, the manager, contacts Kip's parents. This violates A)?no federal law
B)?the Fair and Accurate Credit Transactions Act. C)?the Fair Debt Collection Practices Act. D)?the Truth-in-Lending Act.
In a _____ cloud, a participating organization purchases and maintains the software and infrastructure itself
A) public B) private C) community D) hybrid