What Is the Lowest Base in Which the Number 987

question 8

Multiple Choice

What is the lowest base in which the number 987 could be a valid number?

• A) Binary
• B) Base 3
• C) Octal
• D) Decimal
• E) Hexadecimal

Differentiate between the competitive spectrum of oligopolies and perfect competition.

Analyze the pricing and profit differences between oligopolists and perfect competitors.

Grasp the role of game theory in strategic business decisions.

Calculate industry concentration using concentration ratios and the Herfindahl-Hirschman Index.

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Definitions:

Cost of Goods Sold

The direct expenses involved in producing the products a company sells, which cover both materials and labor.

Cash Cycle

The duration of time a company takes to convert its inventory and other resource inputs into cash flows from sales.

Inventory Period

The average time it takes for a company to turn its inventory into sales, often used to evaluate the efficiency of inventory management.

Accounts Payable Period

The average number of days it takes for a business to pay off its creditors and suppliers.