TABLE 13-5 The Managing Partner of an Advertising Agency Believes That His

question 77

Multiple Choice

TABLE 13-5
The managing partner of an advertising agency believes that his company's sales are related to the industry sales. He uses Microsoft Excel to analyze the last 4 years of quarterly data (i.e., n = 16) with the following results:
-Referring to Table 13-5, the partner wants to test for autocorrelation using the Durbin-Watson statistic. Using a level of significance of 0.05, the decision he should make is

• A) there is evidence of autocorrelation.
• B) the test is unable to make a definite conclusion.
• C) there is no evidence of autocorrelation.
• D) there is not enough information to perform the test.

---

Definitions:

Article 2

Often refers to a specific section within a larger legal document or treaty, which depends on the context of reference.

UCC

The Uniform Commercial Code, a set of laws that regulate sales and commercial transactions in the United States, designed to harmonize the law among the states.

CISG

The United Nations Convention on Contracts for the International Sale of Goods, a treaty that governs the sale of goods between parties in different nations.

Passing of Title

Passing of title refers to the legal process in which ownership of property or goods is transferred from one party to another.