The Z.TEST function in Excel returns the _______ that a score is a member of a population and not the _______ associated with that raw score.
a.Estimated z value; exact probability
b.Estimated probability; exact probability
c.Exact probability; actual z score
d.Actual z score; exact probability
ANS:C
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In Michael Porter's model, "buyers" refers to manufacturers (e.g., GM) and retailers (e.g. Walmart), rather than consumers
Indicate whether the statement is true or false
A $130 credit to Supplies was credited to Fees Earned by mistake. By what amounts are the accounts under- or overstated as a result of this error?
A. Supplies, overstated $260; Fees Earned, understated $130. B. Supplies, understated $130; Fees Earned, overstated $130. C. Supplies, understated $260; Fees Earned, overstated $130. D. Supplies, overstated $130; Fees Earned, understated $130. E. Supplies, overstated $130; Fees Earned, overstated $130.
In a standard job-order costing system, factory overhead is applied using actual rates times standard input
Indicate whether the statement is true or false
The personal needs of the retailer during the early, unprofitable stage of business are paid through _____
a. a bank credit plan b. life insurance loans c. personal savings d. a personal drawing account