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Answer the following statement true (T) or false (F)
False
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Which of the following bank accounts has the highest effective annual return?
A. An account that pays 8% nominal interest with daily (365-day) compounding. B. An account that pays 8% nominal interest with monthly compounding. C. An account that pays 8% nominal interest with annual compounding. D. An account that pays 7% nominal interest with daily (365-day) compounding. E. An account that pays 7% nominal interest with monthly compounding.
The use of the cost price approach when setting transfer prices
a. should not be used when profit and/or investment centers are involved in the transfer. b. requires only fixed costs be used in setting the transfer price. c. uses only budgeted costs. d. will motivate the division manager to make intracompany product transfers.
The main provision of the Restatement (Third) of Torts, Section 2, recognizes three types of product defects: manufacturing defects, design defects, and failure to warn, but it imposes strict liability only for manufacturing defects
a. True b. False Indicate whether the statement is true or false
Upper management needs to know the results of training evaluations because
A. only top managers should know the results. B. the results may be the basis for making decisions about the training program itself. C. training is inexpensive. D. all training is cost effective. E. all employees need training.