A plaque at a hotel front desk that reads “This line is for VIP members only” is an example of a(n) ______.
a. Sign
b. Symbol
c. Artifact
d. Feature
a. Sign
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Which of the following is not included in the prefatory parts of a formal report?
A) cover B) letter of authorization C) introduction D) table of contents E) title page
An internal control system consists of all the following policies and procedures except:
a. Those necessary to ensure the safeguarding of an entity's assets. b. Those necessary to ensure that cash on hand and on deposit in checking accounts is beyond the minimal amount for ongoing operations. c. Those necessary to ensure the reliability of its accounting records. d. Those necessary to ensure the accomplishment of its overall objectives.
Which statement is not true concerning the clustering solution if the variables are measured in vastly different units?
A) The clustering solution will not be influenced by the units of measurement. B) Standardization can reduce the differences between groups on variables that may best discriminate groups or clusters. C) It is desirable to eliminate outliers. D) We must standardize the data by rescaling each variable to have a mean of zero and standard deviation of unity.
In recent years, Redbird Corporation, a small manufacturer of jet skis for the leisure industry, has followed the practice of issuing a 10 percent stock dividend annually. Although the company's net income has been almost $4 million in each of the past
three years, retained earnings have declined from about $10 million to about $6 million. What is the probable motivation for management's decision to issue an annual 10 percent stock dividend? What is the most likely explanation for the decrease in retained earnings? Given your explanation, would stockholders' equity also decrease by a like amount?