Which of the Following Statements Is Correct

question 45

Multiple Choice

Which of the following statements is correct?

• A)Because it is subject to change, and frequently does, consumer and business confidence has only a minimal impact on future economic activity.
• B)Because it has historically remained steady, consumer and business confidence has only a minimal impact on future economic activity.
• C)Consumer and business confidence is extremely important and can have a great impact on future economic activity.
• D)Consumer confidence is extremely important and can have a great impact on future economic activity. The same is not true of business confidence.

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Definitions:

Average Number

The arithmetic mean or central value of a set of numbers, calculated by dividing the sum of the values in the set by the number of values.

Queue

A sequence of items or people waiting to be processed, often in a first-come, first-served basis in operations research and computer science.

Exponential Distribution

A probability distribution that describes the time between events in a process where events occur continuously and independently at a constant average rate.

Service Times

The duration or periods required to complete specific tasks, especially in the context of customer service or manufacturing.