Quantitative research is most likely to be used when:
A. the objective is to validate relationships and test hypotheses.
B. the objective is to identify new ideas and thoughts for a product.
C. the objective is to understand hidden underlying psychological processes.
D. one has access to small samples.
E. the main goal is to uncover unanticipated findings and reactions.
Answer: A
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When conducting an impairment test, a company must estimate
A) future cash inflows from its use of the asset and eventual sale. B) future net cash flows from its use of the asset and eventual sale. C) total net flows from its use of the asset and eventual sale. D) total cash from its use of the asset and eventual sale.
On March 1, a company collects revenue in advance for the next twelve months and credits a liability account. The adjusting entry at year end on the work sheet would
A) increase a liability account B) decrease an asset account C) decrease a revenue account D) decrease a liability account
The sum of the relative frequencies for all classes will always equal _____
a. the sample size b. the number of classes c. 1 d. 100
Equivalent units of production would best be defined as:
A. Number of units transferred out during the period, regardless of when the units were started into production. B. The number of whole units that could have been completed with direct material, direct labor, and overhead used during the period. C. Completed units that are produced through the same process. D. Units of production that are the same kind of product.