A run test is used:
A) to examine variability in acceptance sampling plans.
B) in acceptance sampling to establish control.
C) to examine points in a control chart to check for natural variability.
D) to examine points in a control chart to check for nonrandom variability.
E) to test the validity of the Central Limit Theorem.
D
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When the board of director's declares a cash or stock dividend, this action decreases Retained Earnings
a. True b. False Indicate whether the statement is true or false
The rural-to-urban shift is occurring primarily in the developed countries.
Answer the following statement true (T) or false (F)
Valuation methods that reflect current values or a combination of historical and current values include all of the following except:
a. fair value for assets and liabilities. b. current replacement cost for assets. c. net realizable value for assets. d. adjusted acquisition costs for assets.
Who developed the generally accepted accounting principles?
a. Federal Trade Commission b. Securities and Exchange Commission c. Federal Accounting Standards Board d. Federal Accounting Agency e. Internal Revenue Service