Which of the following statements regarding sampling risk is FALSE?
a. To reduce sampling risk, the investigator can increase the sample size.
b. Sampling risk can only be slightly reduced by careful planning of the sampling procedure.
c. To reduce sampling risk, the investigator can use a random number table.
d. In fraud examination, sampling risk can be significant.
b
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Which of the following is a true statement?
a. The eight SFACs that comprise the conceptual framework were not evolutionary because they were derived from previous documents such as the Trueblood Report and ASOBAT. b. The definitions of SFAC No. 6 were basically a restatement of the definitions of APB Statement 4. c. The Achilles’ heel of the document is SFAC No. 5, which reaffirmed historical cost as the basic measurement system. d. The key document in the series of SFACs that comprise the conceptual framework is SFAC No. 1.
Rienzi Farms grows sugar cane and soybeans on its 500 acres of land. An acre of soybeans brings a $1000 contribution to overhead and profit; an acre of sugar cane has a contribution of $2000
Because of a government program no more than 200 acres may be planted in soybeans. During the planting season 1200 hours of planting time will be available. Each acre of soybeans requires 2 hours, while each acre of sugar cane requires 5 hours. The company seeks maximum contribution (profit) from its planting decision. a. Formulate the problem as a linear program. b. Solve using the corner-point method.
To manage inventories in globally supply chains, companies ______.
a. must have a clear understanding of the nature of their business operations b. must apply the same tools used to manage inventories in domestic supply chains c. must have an isolated ERP system d. must be less dependent on technology
Which of the following is not a type of effectiveness IT metric?
A. Customer satisfaction. B. Conversion rates. C. Financial. D. Web traffic.