Which of the following is not an assumption of the multiple regression model?
A) The mean of the residuals is equal to the variance at all combinations of levels of the independent variables.
B) The regression error terms are normally distributed.
C) The model error terms are independent.
D) The residuals have a constant variance for all combinations of values for the independent variables.
A
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Assigning of the lower-of-cost-or-market to the items that comprise the inventory of merchandise at the end of the account period is an application of which of the following concepts?
a. materiality b. conservatism c. reliability d. full disclosure
Changing inventory methods to take advantage of the tax breaks offered by LIFO is not a valid reason for a change in methods
a. True b. False Indicate whether the statement is true or false
The role of the accountant/internal auditor in the conceptual design phase of the Systems Development Life Cycle includes all of the following except
a. the accountant is responsible for designing the physical system b. the accountant is responsible to ensure that audit trails are preserved c. the internal auditor is responsible to confirm that embedded audit modules are included in the conceptual design d. the accountant is responsible to make sure that the accounting conventions that apply to the module are considered by the system designers
How did poor followership affect the organization?
What will be an ideal response?