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Regarding numbers generated by rand function in excel

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Reference no: EM132192772

1. Which of the following statements are false regarding the numbers generated by the RAND function in Excel?

The numbers are probabilistically dependent.

The numbers are probabilistically independent.

The numbers are uniformly distributed between 0 and 1.

2. Most profit-oriented organizations are threatened during economic downturns, but not-for-profit organizations tend to flourish. True or False.

3. The greater the economies of scale of existing organizations, the lower are the barriers to entry for new competitors. True or False

4. According to the product life-cycle theory, the high cost of U.S. labor gave U.S. firms an incentive to:

lower costs of services to offset a fall in demand.

develop cost-saving process innovations.

invite foreign direct investment in domestic industries.

embrace and promote open market capitalism.

import new consumer products and export agricultural products.

5. Which of the following are significant trade blocs in Europe?

The European Union and the European Free Trade Association

The European Federation and the European Trade Block

The European Commission and the COMINTERN

The European Federation and the European Trade Association

The European Economic Community and the European Federation

Reference no: EM132192772

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