How can a model enhance decision making with MIS
A. Understand uncertainty
B. Manipulate time
C. Calculate risks
D. All of these
Answer: D
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Testing a sample of repairs and maintenance items to ensure that they were properly classified as repairs as opposed to property, plant, and equipment tests which of the following assertions for the property, plant, and equipment account?
A. Cutoff. B. Authorization. C. Completeness. D. Occurrence.
In evaluating the profit center manager, the income from operations should be compared:
A) across profit centers B) to historical performance or budget C) to the competition's net income D) to the total company earnings per share
Which of the following is true regarding price-level policies?
A. In an oligopoly situation, pricing "above the market" usually leads to an increase in profit. B. Meeting competition is the only sensible policy in monopolistic competition. C. Charging a lower price than seeming competitors may not mean that a firm is selling "below the market." D. A firm in pure competition may increase profit by pricing "below the market." E. None of these answers is correct.
A sample of 16 students showed that the variance in the number of hours they spend studying is 25. At the 5% level of significance, test to see if the variance of the population is significantly different from 30. Use the critical value approach.
What will be an ideal response?