A simple random sample of size n from an infinite population of size N is to be selected. Each possible sample should have
a. the same probability of being selected
b. a probability of 1/n of being selected
c. a probability of 1/N of being selected
d. a probability of N/n of being selected
A
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When faced with ethical choices, members of the Main Street law firm look for guidance to state statutes as well as guidelines set forth by the state bar association. Main Street has which type of ethical climate?
A. caring B. law and code C. rules D. independence
The goal of an intermittent strike is to:
A. Minimize costs to the employer. B. Irritate consumers so they will apply pressure on the employer to settle. C. Call into question the employer's ability to control their workers. D. Disrupt the employer's business while also preventing it from hiring strike replacements.
________ refers to a preconceived belief, opinion, or judgment toward a person or a group of people.
A. Prejudice B. Impartiality C. Equanimity D. Objectivity
Marty is a 40 percent owner of MB Partnership. Marty has decided to sell his interest in the business to Emilio for $100,000 cash plus the assumption of his share of MB's liabilities. Assume Marty's inside and outside basis in MB are equal. MB shows the following balance sheet as of the sale date:Assets:Basis FMVCash$160,000 $160,000Receivables50,000 50,000Inventory80,000 170,000Land held for investment60,000 40,000Totals$350,000 $420,000 Liabilities and capital:Liabilities$120,000Capital-Marty92,000 -Barry138,000Totals$350,000 What is the amount and character of Marty's recognized gain or loss?
What will be an ideal response?