Hofstede's ______________________ dimension is a measure of how people deal with the unexplainable in their lives.
Fill in the blank(s) with the appropriate word(s).
pragmatic-normative
Normative societies value absolute truth, whereas pragmatic societies focus on living life.
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Answer the following statements true (T) or false (F)
The SEC is legally empowered to regulate accounting principles.
The mean is simply the arithmetic average.
Answer the following statement true (T) or false (F)
Every criminal defendant has a right to a jury trial
Indicate whether the statement is true or false
Familia Inc. reported the following results from last year's operations:?Sales$16,100,000 ?Variable expenses10,400,000?Contribution margin5,700,000?Fixed expenses4,734,000?Net operating income$966,000 ?Average operating assets$7,000,000 At the beginning of this year, the company has a $1,200,000 investment opportunity with the following characteristics:?Sales$3,840,000 ???Contribution margin ratio50%of sales?Fixed expenses$1,728,000 ??The company's minimum required rate of return is 13%.Required:1. What was last year's return on investment (ROI)? (Round to the nearest 0.1%.)2. What is the ROI related to this year's investment opportunity? (Round to the nearest 0.1%.)3. If the company pursues the investment opportunity and otherwise performs the same as last
year, what will be the overall ROI will this year? (Round to the nearest 0.1%.)4. If Westerville's chief executive officer earns a bonus only if the ROI for this year exceeds the ROI for last year, would the CEO pursue the investment opportunity? Would the owners of the company want the CEO to pursue the investment opportunity? What will be an ideal response?