The Chairman of a College of Business with five departments wants to estimate the average number of student-hours lost per month due to illness of their professors. Describe a sampling plan that will help the Dean compare the average student-loss hours for the five departments
The Chairman can take one simple random sample from each department for comparison purposes. That means he is taking a stratified random sample, where the strata are the five departments.
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When the operating activities section of the statement of cash flows is reported using the direct method:
A. Footnotes to the financial statements disclose the difference between net income and the cash provided or used by financing activities. B. Noncash investing and financing activities is included in the statement of cash flows. C. The income statement is prepared under the cash basis of accounting. D. Net income is adjusted for changes in noncurrent assets and noncurrent liabilities. E. Operating cash receipts minus operating cash payments equals net cash provided (used by) operating activities.
Which method of preparing the operating activities section of a statement of cash flows reports its cash inflows from operations followed by its cash outflows for operation?
A) The direct method B) The indirect method C) Both the direct method and the indirect method D) Neither the direct method nor the indirect method
Conference calls or in-person meetings are appropriate when you need to guarantee privacy or discuss sensitive topics. _________________________
Answer the following statement true (T) or false (F)
Ebony is fortunate to be working for one of the top employee-centered firms in the country. Everyone feels that they are treated fairly and with respect so there is no need to unionize. She works:
a. in a doctrinaire firm b. in a right-to-work state c. in an open shop d. in a philosophy-laden firm e. with a sweetheart contract