Nominal data have a specified measure of the distance between observations, but no natural zero
Indicate whether the statement is true or false
FALSE
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The variance of a sample of 100 observations equals 64. The standard deviation of the sample equals
A. 8. B. 10. C. 4096. D. 10,000.
Suppose that international trade results in an outward shift in a country's production possibilities frontier. This would be described as
a. dynamic gains from trade. b. static gains from trade. c. protectionist gains from trade. d. allocative gains from trade.
An IT specialist is least likely to be necessary when:
A. the entity participates heavily in electronic commerce. B. data are shared extensively among systems. C. significant audit evidence is in electronic form. D. the system has not changed from the prior year.
Tarkington Beers, Inc purchased the most popular and well-known pub in a college town. Its purchase price was $1,200,000 . The appraisers determined that the land should be valued at $400,000, the building at $500,000 and the equipment at $200,000 . Which of the following statements is correct?
a. Tarkington Beers, Inc. should record only the appraised value of the assets. b. Tarkington Beers, Inc. needs to adjust the value of the assets in proportion to their appraised value so that the total of the assets equals the purchase price. c. Tarkington Beers, Inc. paid too much for the business and needs to record a loss. d. Tarkington Beers, Inc. needs to record goodwill of $100,000.