1) Given the numbers: 1, 3, 5, 7, 8 what are the average and the median? a. Average = 4.8; Median = 5.0 b. Average = 5.0; Median = 5.0 c. Average = 4.8; Median = 4.8 d. Average = 5.0; Median = 4.8

2) Given the numbers: 2, 4, 5, 6, 8 what are the median and standard deviation?

a. Median = 5.0; Standard Deviation = 2.0 b. Median = 4.5; Standard Deviation = 2.3 c. Median = 5.0; Standard Deviation = 5.0 d. Median = 4.5; Standard Deviation = 1.5

3) Polaroid's Creativity and Innovation Lab reports that out of every 3,000 new product ideas, __________ are actually launched, and __________ become(s) successful in the market. a. 1000; 500 b. 500; 250 c. 10; 3 d. 2; 1

4) Which of the following statements about choosing a form of ownership is false? a. The choice of a form of ownership can have far-reaching effects on almost every aspect of a business and its owner. b. Each form of ownership has its own unique set of advantages and disadvantages c. The S-corporation is the best form of ownership for entrepreneurs. d. All of the above.

5) __________ franchising involves combining two or more complementary franchises, such as a Texaco gas station, a Burger King restaurant, and a TCBY yogurt franchise, in the same location. a. master b. conversion c. multiple-unit d. Piggyback

6) __________ involves the exchange of goods and services for other goods and services rather than for cash and is an effective way to conserve valuable cash. a. Speculation b. Arbitrage c. Barter d. Leasing

7) Domain names can be registered with the U.S. Patent and Trademark Office. MGT 190 exma 3

a. true b. false