Bus 302 - Study guides, Class notes & Summaries

BUS 302L – BUSINESS LAW EXAM WITH QUESTIONS AND 100% VERIFIED ANSWERS...

BUS 302L – STATISTICS EXAM QUESTIONS WITH CORRECT ANSWERS....

Economic profit is equal to: a. Total revenue minus the explicit cost of producing goods and services. b. Total revenue minus the implicit cost of producing goods and services. c. Total revenue minus the opportunity cost of producing goods and services. d. Average revenue minus the average cost of producing the last unit of a good or service. e. Total revenue minus depreciation. - Total revenue minus the opportunity cost of producing goods and services. Your friend is thinking of opening...

BUS 302L- MANAGERIAL EXAM QUESTIONS WITH 100% VERIFIED ANSWERS ...

Under which of the following situations does strict product liability apply? a. Sale of a defective and unreasonably dangerous product. b. Manufacture of a defective and unreasonably dangerous product. c. Both (a) and (b) are correct. d. Neither (a) nor (b) are correct - Answer c. Both (a) and (b) are correct.

As to common law offers, an acceptance that is materially different from the term of the offer is ~~> a rejection of the offer to prove assault, the plaintiff must establish that ~~> the threatened contact took place under section 402A of the "Restatement (second) of Torts" ~~> the plaintiff must prove a breach of duty on the defendants part civil law ~~> defines public wrongs prohibited by a state or federal government compensatory damages 2 | P a g e | © copyr...

Which is the following is correct? a. The probability of a type I error is β. b. The probability of a type II error is (1 - β). c. The probability of a type II error is α. d. The probability of a type I error is (1 - α). e. none of the above ~~> e. none of the above A manufacturer of contact lenses is studying the curvature of the lenses it sells. In particular, the last 500 lenses sold had an average curvature of 0.5. The population is 2 | P a g e | © copyright 2024/2025 | G...

Professional baseball teams in the United States use only wooden bats. If aluminum bats were permitted, the likely result would be: a. a shift in the supply curve for aluminum bats. b. a shift in the supply curve for wooden bats. c. a shift in the demand curve for aluminum bats. d. a persistent shortage of aluminum bats. e. a persistent shortage of wooden bats. - Answer c. a shift in the demand curve for aluminum bats.

Economic profit is equal to: a. Total revenue minus the explicit cost of producing goods and services. b. Total revenue minus the implicit cost of producing goods and services. c. Total revenue minus the opportunity cost of producing goods and services. d. Average revenue minus the average cost of producing the last unit of a good or service. e. Total revenue minus depreciation. Answer> Total revenue minus the opportunity cost of producing goods and services. Your friend is thinkin...

A company sells pretzels for $1.50/bag. Their February ending inventory was $1,600. Marketing prepares the following forecast: January 15,000 bags February 12,000 bags March 16,000 bags Total 43,000 bags Projected sales for April are 13,000 bags. Try to maintain 10% of the next month's forecasted sales in inventory. What is the projected for March? ~~> 13,000*10%= 1,300 March: 16,000 Feb ending inv: (1,600) =1,300+16,000-1,600 = 15,700 Same info as no 1. What is the sales b...