In which of the following situations would the doctrine of res ipsa loquitur apply?
a. A truck backed into a fence.
b. A jar of jam fell on your foot.
c. A post operative x-ray showed a surgical sponge in your stomach.
d. A door slammed on your foot.
c
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The gross profit method is not used to
A) replace the year-end physical inventory. B) check the cost generated by a perpetual inventory system. C) determine the cost of inventory destroyed by fire. D) develop a sales budget.
One characteristic of an abnormally dangerous activity is that it involves a low degree of risk.
Answer the following statement true (T) or false (F)
The Wilcoxon rank sum test is used to compare two populations when the samples are independent and the data are either ordinal or interval but not normally distributed
Indicate whether the statement is true or false
Which of the following tracks how much money a company has generated over time, and where it went?
A) EBITDA B) statement of cash flows C) balance sheet D) income statement E) net operating income