Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement. An insured can borrow from the [cash | face] value of her life insurance policy.
a
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The general rule for respecifying categorical variables with K categories is that K dummy variables are needed
Indicate whether the statement is true or false
The accounts of Melissa Manufacturing showed the following balances at the beginning of December:
What should be the balance in the Work-in-Process Inventory following these transactions?
A) $124,000
B) $87,000
C) $75,000
D) $86,000
All variable costs except manufacturing costs are subtracted from sales to determine the total contribution margin
Indicate whether the statement is true or false
A study asked 183 corporate leaders to write a vision statement for a university alumni association. This study found that
a. the vision statements written by the transactional leaders emphasized goals, time frames, and extrinsic benefits b. transformational leaders wrote vision statements that were optimistic and confident; moreover, their vision statements stressed values, the importance of participation, and intrinsic benefits c. both “a” and “b” d. contrary to expectations, transactional and transformational leaders wrote very similar vision statements