If the forecast errors are autocorrelated, this is a good indication that the model has been specified correctly

Indicate whether the statement is true or false


FALSE

Business

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The process of setting unrealistically low budgeting goals in an effort to make only average performance look good is:

a. safe budget b. normal budget c. budget cushion d. budget slack

Business

Which of the following mathematical expressions calculates a firm's retained earnings at the end of a year?

A. Retained earnings = Beginning balance of retained earnings ? Net income in the current year + Net loss in the previous year B. Retained earnings = Beginning balance of retained earnings + Net income in the current year + Dividends paid in the current year C. Retained earnings = Beginning balance of retained earnings + Net income in the current year ? Dividends paid in the current year D. Retained earnings = Beginning balance of retained earnings ? Net loss in the previous year ? Dividends paid in the current year E. Retained earnings = Beginning balance of retained earnings ? Net income in the current year + Dividends paid in the current year

Business

Being paid a piece rate, or earning a commission on units sold, are examples of a ________ reinforcement schedule.

A. variable ratio B. fixed interval C. continuous D. fixed ratio

Business

You must have Parts A and B of Medicare in order to qualify for Part D

Indicate whether the statement is true or false.

Business