The Revised Model Business Corporation Act gives a close corporation less flexibility in determining its rules of operation
a. True
b. False
Indicate whether the statement is true or false
False
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The amount of detail presented in a budget performance report for a cost center depends upon the level of management to which the report is directed
Indicate whether the statement is true or false
Marketers in the United States are learning that Hispanic and other minority groups are not alike. How do cultural differences affect purchase decisions?
What will be an ideal response?
A $150,000 loan is to be amortized over 7 years, with annual end-of-year payments. Which of these statements is CORRECT?
A. The annual payments would be larger if the interest rate were lower. B. If the loan were amortized over 10 years rather than 7 years, and if the interest rate were the same in either case, the first payment would include more dollars of interest under the 7-year amortization plan. C. The proportion of each payment that represents interest as opposed to repayment of principal would be higher if the interest rate were lower. D. The proportion of each payment that represents interest versus repayment of principal would be higher if the interest rate were higher. E. The proportion of interest versus principal repayment would be the same for each of the 7 payments.
A carpet company advertises that it will deliver your carpet within 15 days of purchase. A sample of 49 past customers is taken. The average delivery time in the sample was 16.2 days. The standard deviation of the population (?) is known to be 5.6 days. a.State the null and alternative hypotheses for a test to determine if their advertisement is legitimate.b.Using the critical value approach, test the hypotheses. Let ? = .05.c.Using the p-value approach, test the hypotheses at the 5% level of significance.
What will be an ideal response?