Which of the following refers to a distribution’s curve that is relatively peaked in comparison to a normal curve?
a.Platykurtic
b.Leptokurtic
c.Positive skew
d.Negative skew
ANS:B
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When there is net income, the income summary account is closed with a debit to Income Summary and a credit to the Retained Earnings account
Indicate whether the statement is true or false
An effective counterproposal
a. can eliminate the need to state the refusal directly. b. may represent a tangible benefit to the reader. c. may not always be possible. d. All of the above.
Donna defaulted on her loan owed to Second State Savings and Loan. The loan was secured with Donna's car. Donna used the car for personal and family reasons. Which statement is correct?
a. Second State may take Donna's car without a court order if this can be done without a breach of the peace. b. Second State may take Donna's car without a court order even if it means a breach of the peace. c. Second State may not take Donna's car because it is a consumer good. d. Second State may not take Donna's car because perfection was automatic.
Plaintiffs can choose between suing for monetary damages or equitable remedies in each case
a. True b. False Indicate whether the statement is true or false