The law of supply states that, holding other factors constant, as price increases

The law of supply states that, holding other factors constant, as price increases
 a. Quantity supplied increases
  b. Quantity supplied decreases
  c. Quantity demanded increases
  d. Quantity demanded decreases

QUESTION 2

The coefficient of determination measures the proportion of the variation in the independent variable that is explained by the regression line.
 a. true b. false

QUESTION 3

Which of the following is TRUE?
 a. Maximizing division profits always leads to maximizing company-wide profits
 b. Managers of profit centers are given a lot discretion in their decision making
 c. Profit centers usually require the highest degree of attention of corporate executives
 d. A manager being rewarded on division revenues has no incentive to make good decisions for his division

QUESTION 4

In the 1990s, many people had rising incomes. At the same time, there was a rise in cost of wood. Holding other factors constant, the demand for houses_________ and the supply for houses_________.
 a. Increase, increase
  b. Increase, decrease
  c. Decrease, increase
  d. Decrease, decrease

QUESTION 5

The coefficient of determination ranges in value between 0.0 and 1.0.
 a. true b. false

QUESTION 6

Which of the following is TRUE?
 a. Maximizing division profits can sometimes lead to reducing company-wide profits
 b. Managers of profit centers are not given any discretion in their decision making
 c. Profit centers usually require the highest degree of attention of corporate executives
 d. A manager being rewarded on division revenues has no incentive to make good decisions for his division