A line or arc connecting the nodes of a decision tree is called a(n)
A. junction.
B. intersection.
C. branch.
D. node.
Answer: C
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Which one of the following items is correct concerning the time element of financial statements?
a. The balance sheet covers a period of time. b. The statement of retained earnings explains changes during a particular period. c. An income statement lists amounts at a specific point in time. d. Both the income statement and the balance sheet cover a period of time.
Competition in an industry tends to drive rates of return on invested capital up towards the level of "perfect competition."
Indicate whether the statement is true or false
SodaBubbles Corporation makes and sells soft drinks. Talia buys and drinks a Soda Bubbles beverage, which proves defective and injures her. One justification for holding Soda Bubbles strictlyliable for the harm caused to Taliaby its defective product is that
a. Soda Bubbles is making a profit from its activities. b. Talia is a person, not a business. c. making and selling products are abnormally dangerous activities. d. Soda Bubbles and Talia are in privity.
Together, Asians, Hispanics, and African Americans will make up about _____ of the labor force by 2018
a. one fifth c. one third b. one fourth d. one half