Financial statements are often audited by outside accountants:
a. because of a potential conflict of interest between managers and investors and creditors.
b. to increase confidence in their reliability.
c. both because of a potential conflict of interest between managers and investors and creditors and to increase confidence in their reliability.
d. neither because of a potential conflict of interest between managers and investors and creditors nor to increase confidence in their reliability.
c
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In an LP problem, changes in resource availability will result in a change of ______.
A. the objective function B. the decision variables C. the feasible solution region D. the optimal solution
Adam moved into an apartment complex. The rules of the complex prohibit unmarried men and women from living together in the same apartment. When Adam's friend, Diane, moved into the apartment he was served with eviction papers. Adam claims the apartment complex is violating his constitutional rights since it allows married couples to live together. Is Adam right?
a. Yes. His equal protection rights have been violated. b. No. His fundamental right of cohabitation has not been violated. c. Yes. He and Diane are being treated differently than married couples. d. No. Constitutional protections do not extend to privately owned apartment complexes.
Which of the following statements is true about capacity utilization and capacity efficiency?
a. Either measure can be used independently of the other. b. Using one measure only and ignoring the other can lead to misleading conclusions about capacity performance. c. Capacity utilization can be calculated given capacity efficiency and design capacity. d. Capacity utilization can be calculated given capacity efficiency and effective capacity.
A preincorporation contract made by a promoter in the name of the corporation and on its behalf does not bind the corporation before it is formed
Indicate whether the statement is true or false