Which of the following terms is defined as the tendency for people to believe they can predict the outcome of chance events based on false information or superstition?
A. lack of participation error
B. framing error
C. projection bias
D. randomness error
D. randomness error
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If the size of the sample to be used in a particular test of controls has not been determined by utilizing statistical concepts, but the sample has been chosen in accordance with random selection procedures:
A. depending on the size of the sample chosen, the auditor may actually achieve desired precision. B. the auditor has committed a nonsampling error. C. no inferences can be drawn from the sample. D. the auditor will have to evaluate the results by reference to the principles of discovery sampling.
Organizations grow by using strategies of ________.
A. concentration, integration, or diversification B. concentration, integration, or stabilization C. integration, diversification, or differentiation D. integration, diversification, or functionalization
Xavier and Yolanda have original investments of $50,000 and $100,000 respectively in a partnership. The articles of partnership include the following provisions regarding the division of net income: interest on original investment at 10%, salary allowances of $38,000 and $28,000 respectively, and the remainder equally. How much of the net income of $75,000 is allocated to Xavier?
A) $66,000 B) $40,000 C) $35,000 D) $43,000
The tort of nuisance includes only the trespassory invasion of real property
a. True b. False Indicate whether the statement is true or false