Exhibit 18

question 74

Multiple Choice

Exhibit 18.5.Based on quarterly data collected over the last 4 years,the following regression equation was found to forecast the quarterly demand for the number of new copies of an economics textbook: , where Qtr1,Qtr2 and Qtr3 are dummy variables corresponding to Quarters 1,2 and 3.
Refer to Exhibit 18.5.By how many percent the demand in Quarter 3 is on average higher than the average quarterly demand?

• A)25.29%
• B)8.37%
• C)31.63%
• D)14.71%

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Definitions:

Implied Authority

Authority of an agent that is not explicitly stated but is assumed to be granted in order to conduct the necessary activities to fulfill the agent's duties.

Partnership Agreement

A contract between two or more individuals who agree to manage and operate a business together, sharing its profits and losses.

Individual or Group

Describes either a single person or a collection of persons considered together in context.

Uniform Partnership Act

A uniform act adopted by some U.S. states that govern the operations of partnerships within the state, including the creation, dissolution, and management of partnerships.