Briefly explain how a scatter diagram benefits the researcher?
What will be an ideal response?
A scatter diagram is useful for determining the form of the relationship between the variables. A plot can alert the researcher to patterns in the data, or to possible problems. Any unusual combinations of the two variables can be easily identified.
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In what forms can transitions be written in a business report?
What will be an ideal response?
Gaining information about one's competitors' activities so that you can anticipate their moves and react appropriately is called
A. strategic forecasting. B. corporate espionage. C. contingency planning. D. trend analysis. E. competitive intelligence.
Accrued wages is not a current liability
a. True b. False Indicate whether the statement is true or false
A purchase on credit is recorded twice and not corrected during the year-end physical inventory. Which of the following statements correctly describes the impact of this error?
A) The current year income on the income statement is correct because purchases are overstated and ending inventory is overstated. B) The current year balance sheet ending inventory and accounts payable are understated. C) The succeeding year income on the income statement is incorrect because beginning inventory is understated. D) The succeeding year purchases are understated when the prior year purchases are corrected.