Which of following assumptions related to the validity of the linear regression model is false?
a. The independent and dependent variables have a linear relationship.
b. The error terms have a constant variance.
c. The error terms are not normally distributed.
d. The error terms have no correlation.
c. The error terms are not normally distributed.
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Which assertions may be tested for the "account balances" category of management assertions?
A. Occurrence, accuracy, rights and obligations, completeness. B. Existence, cutoff, rights and obligations, completeness. C. Existence, rights and obligations, completeness, accuracy, valuation, allocation, and classification. D. Occurrence, rights and obligations, completeness, valuation and allocation.
Supermarket chain Reynold's is considering stocking a number of private-label products in order to offer customers the lowest possible prices. Explain how this strategy could benefit the company
What will be an ideal response?
Inventory turnover measures ________.
A) the days' sales in inventory ratio B) how rapidly merchandise inventory is purchased C) how rapidly merchandise inventory is sold D) the time period for inventory to become obsolete
In a few situations, such as in hospitals, an employer may discriminate on the basis of race as a bona fide occupational qualification
a. True b. False Indicate whether the statement is true or false