The lower value of the game is selected as the maximum of the minimum numbers in a row

Indicate whether the statement is true or false

TRUE

Business

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A refusal occurs when a respondent reaches a certain point, and then decides not to answer any more questions for the survey

Indicate whether the statement is true or false

Business

Cycle inventory is used because

A) the world is perfectly predictable. B) demand is uncertain and may exceed expectations. C) it involves making a trade-off between the costs of having too much inventory and the costs of losing sales due to not having enough inventory. D) it focuses on processes that are external to the firm.

Business