The company that makes a new weight loss pill claims that people who use this pill according to instructions will lose an average of 20 pounds during a four-month period. They say the claim is based on a study of 300 people
Which of the following statistical methods was most likely used to arrive at the company's conclusion?A) Estimation
B) Hypothesis testing
C) Histograms
D) Bar charts
B
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Which of the following is a benefit of creating a vulnerability chart?
a. It forces the investigators to explicitly consider all aspects of a fraud act. b. It conveys a warning to all employees that fraud will not be tolerated. c. It lists/coordinates the steps the investigator must take to uncover the perpetrator. d. It shows management where controls are weak.
The materiality of a misstatement is based on only the quantitative amount of the misstatement
a. True b. False Indicate whether the statement is true or false
A company has net sales of $50,000 during the year. At year end (before an adjustment is made), Allowance for Uncollectible Accounts has a credit balance of $2,500. If the company estimates that 3 percent of net sales are uncollectible, what is the balance in the allowance account after the year-end adjustment has been made using the percentage of net sales method?
A) $1,500 debit balance B) $1,500 credit balance C) $4,000 credit balance D) $1,000 debit balance
For what reason has the practice of "public relations" been virtually barred from the federal government?
A) a remark made by President Dwight D. Eisenhower B) the passage of the 1913 Gillette Amendment C) the Congressional gag law D) handling of the media by Press Secretary Ari Fleisher