Which of the following is necessary for any valid performance measurement?
a. It must be a part of the financial accounting system in use.
b. It must be quantifiable.
c. It must be financial in nature.
d. Goal congruence must be promoted by its use.
d
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Indicate whether the statement is true or false
If a marketer wishes to determine whether there is evidence that average family income in a community exceeds $32,000:
a. either a one-tail or two-tail test could be used with equivalent results. b. a one-tail test should be utilized. c. a two-tail test should be utilized. d. None of these choices.
New technology, like the latest cell phones and HDTV, would probably be costed using the:
A) LIFO method of inventory costing. B) FIFO method of inventory costing. C) moving average method of inventory costing. D) any method as the physical flow and the cost flow are different.
Mercedes owns a 30% interest in Magenta Partnership (basis of $52,000) which she sells to Calvin for $65,000 . Mercedes' recognized gain of $13,000 will be classified as capital gain
a. True b. False Indicate whether the statement is true or false