QUIZ 2 Answers (10 POINTS)
Question 1 (2 points)
Martha Manufacturing produces a single product that sells for $80. Variable unit cost is $32 and
fixed cost/month is $72,000. Projected sales for April are 2,000 units.
1. What are the breakeven units for A
SUMMARY OUTPUT
Regression Statistics
Multiple R
0.9166429602
R Square
0.8402343164
Adjusted R Square
0.8136067025
Standard Error
79.471612413
Observations
8
ANOVA
df
Regression
Residual
Total
Intercept
X Variable 1
SS
MS
1 199293.0769231 199293.1
6 37894.
Quiz
Question 1 (2 points)
Martha Manufacturing produces a single product that sells for $80. Variable unit cost is $32 and fixed cost/month is $
1. What are the breakeven units for April?
FC/(CM-VC):
72000/(80-32)=1500
2. What is the net income for April
Problem1
Norma Tuck is manager of The Tax Experts, a firm that provides assistance in the preparation of individual tax returns. Because of the
highly seasonal nature of her business, Tuck hires staff on a monthly basis from two accounting placement firms
CHAPTER 4
Ethics & Social Responsibility
Ethics
Defined as:
Law
The set of moral principles or values that defines right
and wrong for a person or group (MGMT3)
Issues of right, wrong, fairness, and justice (Business &
Society, 6th ed.)
Represents society
CHAPTER 3
Organizational Environments & Cultures
External Environments
Defined as: all events outside a company that have the
potential to influence or affect it
What makes up this environment?
General Environment
The
economic, technological, sociocultur
CHAPTER 2
History of Management
Origins of Management
Why We Need Managers Today
Changes in Economic Structure
Division of Labor
Unskilled laborers
Large factories
Mass production
The Industrial Revolution
Scientific Management:
Frederick W. Taylor (1856-
CHAPTER 1
Management
What is Management?
Getting work done through others
Efficiency
Effectiveness
Management Functions
Planning
Organizing
How will we get there?
Leading
Where are we going?
How are we doing this?
Controlling
How are we performing?
Kind o
Module 1 QUIZ
Quiz Submitted Successfully
Set
1
2 / 2 points
The time required to drive from Detroit to Lansing is an example of a discrete random variable.
True
False
Question
2
0/2
points
Categorical variables can be coded numerically or left uncoded.
T
Set
n1
2 / 2 points
In choosing the "best-fitting" line through a set of points in linear regression, we choose the one with the:
smallest sum of squared residuals
largest sum of squared residuals
smallest number of outliers
largest number of points on th
Describing Data: Summary Measures
CHAPTER 3
DESCRIBING DATA: SUMMARY MEASURES
MULTIPLE CHOICE QUESTIONS
In the following multiple-choice questions, please circle the correct answer.
1.
Which of the following are the three most common measures of central l
CHOSUN UNIVERSITY SEOK-GANG,PARK
CHAPTER 4 SECTION 1: NUMERICAL DESCRIPTIVE TECHNIQUES
MULTIPLE CHOICE
1. Which of the following statistics is a measure of central location?
a. The mean
b. The median
c. The mode
d. All of these choices are true.
ANS: D
PT
Descriptive Statistics: Numerical Methods
3
CHAPTER THREE
DESCRIPTIVE STATISTICS: NUMERICAL MEASURES
MULTIPLE CHOICE QUESTIONS
In the following multiple choice questions, circle the correct answer.
1.
Which of the following provides a measure of central l