Compared to sampling, it is less time-consuming and less expensive to conduct a census.
Answer the following statement true (T) or false (F)
False
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Which legislation led to the establishment of the Public Company Accounting Oversight Board?
a. Private Securities Litigation Reform Act b. Sarbanes-Oxley Act c. Gramm-Leach-Bliley Act d. Glass-Steagall Act
Summerlin Law Offices applies overhead to clients based on direct labor hours. The office manager determined that overhead will be applied at a rate of $25 per direct labor hour. The static budget for the month of November showed an estimated 2,500 direct labor hours would be incurred. During November, 2,800 direct labor hours were actually incurred and actual overhead costs were $58,800. What
should be the total overhead cost according to the firm's flexible budget for November? A) $70,000 B) $58,800 C) $62,500 D) $52,500
Elements of the five forces can be quantified. This is important for analyzing industry structure. Which of the following is not an example of an element that can be quantified?
A. the percentage of the buyer total cost accounted for by the industry product B. the governmental regulatory policy C. the percentage of industry sales required to fill a plant or operate a logistical network to efficient scale D. the buyer switching cost
The International Court of Justice has the power to decide international disputes. However, standing to bring suit is limited to:
a. aggrieved individuals?except businesses?with no acceptable neutral forum for dispute resolution b. aggrieved parties?but only in commercial transactions?with disputes that cannot be resolved by arbitration c. aggrieved parties?both individuals and businesses?but only if they have a specific clause in their contractcalling for resolution by the International Court d. only those countries which do not have a well-defined judicial system e. none of the other choices