__________ logic is a mathematical method of handling imprecise or subjective information.
Fill in the blank(s) with the appropriate word(s).
Fuzzy
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Which of the following groups is not listed in your text as being affected by accounting regulation?
a. The FASB b. Companies c. Auditors d. Free riders
Why are entry barriers in the U.S. airline industry relatively low?
What will be an ideal response?
"In order to establish a rational pay structure, a company performs job evaluation. The evaluation is found to be reliable." Which of the following statements indicate this?
A. The evaluation plan matched an agreed-upon pay structure. B. The majority of the employees found the evaluation acceptable. C. The evaluation was found to be subjective. D. The evaluation achieved the desired results. E. All the evaluators produced the same results.
As of December 31, Year 1, Gant Corporation had a current ratio of 1.29, quick ratio of 1.05, and working capital of $18,000. The company uses a perpetual inventory system and sells merchandise for more than it cost. On January 1, Year 2, Gant paid $250 for transportation in cost on merchandise it had received. Which of the following statements is incorrect?
A. Gant's working capital will remain the same B. Gant's current ratio will remain the same C. Gant's quick ratio will increase D. Gant's quick ratio will increase and its current ratio will remain the same