A high school guidance counselor analyzed data from a sample of 300 community colleges throughout the United States. One of his goals was to estimate the annual tuition costs of community colleges in the United States. Describe the population and variable of interest to the guidance counselor
What will be an ideal response?
The population of interest to the guidance counselor is all community colleges in the United States. The variable of interest is the annual tuition cost of the community college.
Business
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In a firm, the brokerage relationship will be with the designated broker and the employing broker who owns the contract.
a. true b. false
Business
What cost concept used in applying the cost-plus approach to product pricing covers selling expenses, administrative expenses, and desired profit in the "markup"?
A) Total cost concept B) Product cost concept C) Variable cost concept D) Sunk cost concept
Business