In Its Industry Norms and Key Business Ratios, Dun

question 79

Multiple Choice

In its Industry Norms and Key Business Ratios, Dun & Bradstreet reported that Q₁, Q₂, and Q₃ for 2,037 gasoline service stations' sales to inventory ratios were 20.8, 33.4, and 53.8, respectively.From this we can conclude that ___.

• A)68% of these service stations had sales to inventory ratios of 20.8 or less
• B)50% of these service stations had sales to inventory ratios of 33.4 or less
• C)50% of these service stations had sales to inventory ratios of 53.8 or more
• D)95% of these service stations had sales to inventory ratios of 20.8 or more
• E)99% of these service stations had sales to inventory ratios of 20.8 or more

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Definitions:

Selectively Providing

The strategy of offering resources or information to specific groups or individuals based on certain criteria or needs.

Structuring Events

Key occurrences or interventions that shape the direction, dynamics, or framework within which activities and processes operate.

Technological Change

Refers to the process of innovation and the adoption of new or improved technologies, products, or processes within an organization or society.

Work Needs

Requirements or necessities that individuals seek to fulfill through their employment, such as income, satisfaction, and development opportunities.