What is the name of the legislation enacted in response to injuries and deaths from products being sold to consumers?
A. Federal Product Act.
B. Product Liability and Safety Reform Act.
C. Food, Drug and Cosmetic Act.
D. Consumer Product Safety Act.
Answer: D
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What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%?
A. $8,509 B. $8,957 C. $9,428 D. $9,924 E. $10,446
Flashbinder Guitars, Inc is negotiating with the bank for a lockbox system that is expected to
reduce check collection time by 4 days. Flashbinder Guitars' average check size is $1,200 and any funds freed up by the new system will be invested in a money-market account that is currently paying 2.5% annually. What is the most Flashbinder Guitars should be willing to pay the bank for the lockbox service, assuming the bank charges a per-check processing fee? A) 32.877 cents B) 20.500 cents C) 29.767 cents D) 30.726 cents
Which of the following statements are not true?
a. The sign test assumes the data are interval instead of ordinal. b. The sign test makes less efficient use of the data than does the Wilcoxon signed rank test. c. In the sign test, each observation (one-sample test) or difference between paired observations (paired samples) is expressed only as a plus (+) or a minus (-) to indicate the direction of the difference. d. All of these statements are true. e. None of these statements is true.
Which of these is not a guideline for developing a prototype?
A) Build the system slowly and carefully. B) Modify the prototype in successive iterations. C) Emphasize the user interface. D) Work in manageable modules.