Weight, time, and temperature are examples of discrete random variables
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
In distinguishing between revenues and gains, which of the following statements is false?
A) More gains than revenues are beyond the entity's control. B) Gains are associated more with peripheral, nonoperating activities than are revenues. C) GAAP does not provide precise distinctions between revenues and gains. D) Revenues are reported net (rather than gross) more often than gains.
______ is a hierarchy of jobs and their rates of pay within the organization.
A. Rate range B. Wage compression C. Pay structure D. Overtime
The theory of business social responsibility that holds that a business owes duties to the various
constituencies such as customers and employees in addition to the shareholders is: A) The moral minimum theory. B) The maximizing profits theory. C) The stakeholder interest theory. D) The corporate citizenship theory.
Pursuant to a public offering, a CPA firm audited the financial statements. After the offering, omissions and misstatements were found. The CPA firm is now being sued by the purchasers of the stock. The purchasers are alleging that the erroneous financial statements in the registration statement caused them to suffer a monetary loss. The CPA firm can avoid liability if it can prove
a. that it used due diligence in auditing the financial statements. b. the corporation was the party who made misstatements and omissions. c. the firm believed that the statements were accurate. d. None of the above will avoid liability.