A defined contribution plan promises employees a fixed annual pension benefit
Indicate whether the statement is true or false
False
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Data editing is a minor part of data preparation
Indicate whether the statement is true or false
Which of the following statements is CORRECT?
A. When fixed assets are added in large, discrete units as a company grows, the assumption of constant ratios is more appropriate than if assets are relatively small and can be added in small increments as sales grow. B. Firms whose fixed assets are "lumpy" frequently have excess capacity, and this should be accounted for in the financial forecasting process. C. For a firm that uses lumpy assets, it is impossible to have small increases in sales without expanding fixed assets. D. There are economies of scale in the use of many kinds of assets. When economies occur the ratios are likely to remain constant over time as the size of the firm increases. The Economic Ordering Quantity model for establishing inventory levels demonstrates this relationship. E. When we use the AFN equation, we assume that the ratios of assets and liabilities to sales (A0*/S0 and L0*/S0) vary from year to year in a stable, predictable manner.
An intermediate item must have at least one parent and at least one component
Indicate whether the statement is true or false
In Central Hudson Gas & Electric Corp v. Public Service Comm., the New York utility commission ruled that electric utilities could not advertise to promote the use of electricity. The Supreme Court held that the regulation:
a. failed the "strict construction" test that applies to all First Amendment issues b. failed the four-part analysis that applies to commercial speech restrictions c. passed the four-part analysis that applies to commercial speech restrictions d. passed the "strict construction" test that applies to all First Amendment issues e. passed the test concerning impact on interstate commerce