In a two-tail test for the population mean, if the null hypothesis is rejected when the alternative hypothesis is true:
a. a Type I error is committed.
b. a Type II error is committed.
c. a correct decision is made.
d. a one-tail test should be used instead of a two-tail test.
C
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All of the following are procedures used in accounting for a petty cash fund except
a. The money obtained from cashing a petty cash check is given to the custodian. b. Each time monies are paid from petty cash, the custodian requests reimbursement. c. Each time monies are paid from petty cash, the custodian records the details of the payment on a petty cash receipt form. d. The custodian is authorized to disburse monies from the petty cash fund.
The development of a marketing strategy begins with:
a. an assessment of the marketing environment b. formulating detailed marketing objectives c. selecting a target market d. designing a marketing mix e. evaluating previous organizational performance
A firm needs ________ to pay for short-term expenses such as employee salaries, advertising, marketing research, inventory storing costs, and what the firm owes suppliers.
A. working capital B. prepaid expenses C. overhead D. current assets E. debt financing
A trust is invalid if a beneficiary lacks capacity
Indicate whether the statement is true or false