Which is true about an analyst's chair?
A. Analysts should sit with a little curve in their backs so they are comfortable.
B. Analysts should sit with a little space between their backs and their chairs.
C. Analysts should sit with their backs erect, slightly forward, and firm against the backrest.
D. Analysts may use a lumbar pillow or a rolled-up towel to further support their backs.
Answer: D
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The risk of incorrect acceptance and the risk of overreliance (Type II Errors) relate to the:
A. preliminary estimates of materiality levels. B. effectiveness of the audit. C. efficiency of the audit. D. allowable risk of tolerable error.
Which of the following is not a part of the formula for constructing a confidence interval estimate of the population mean?
a. A point estimate of the population mean b. The standard error of the sampling distribution of the sample mean c. The confidence level d. The value of the population mean e. The sample size
A population consists of 8 items. The number of different simple random samples of size 3 that can be selected from this population is
a. 24 b. 56 c. 512 d. 128
Sacha purchased land in 2010 for $35,000 that she held as a capital asset. This year, she contributed the land to the Boy Scouts of America (a charitable organization) for use as a site for a summer camp. The market value of the land at the date of contribution is $40,000. Sacha's adjusted gross income is $90,000. Assuming no special elections, Sacha's maximum deductible contribution this year is
A) $13,000. B) $27,000. C) $35,000. D) $40,000.