The advantage of nonprobabilistic sampling is that it is inexpensive and
a. provides statistically valid statements about the precision of the estimate.
b. can provide valid parameter estimates.
c. is error free.
d. ease of implementation.
d
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The only difference between the direct and the indirect methods is the:
a. presentation of the cash flows from investing activities. b. presentation of the cash flows from financing activities. c. presentation of the cash flows from operating activities. d. presentation of the cash flows from noncash activities.
If you draft a letter to a prospective client who is interested in purchasing your company's product, your goal is to
A) Impress. B) Inform. C) Follow up. D) Persuade.
The spiral model uses a linear approach for project definition and implementation
Indicate whether the statement is true or false
Clement Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor
Clement uses standard costs to prepare its flexible budget. For the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 4 pounds per unit; $4 per pound Direct labor: 4 hours per unit; $17 per hour Clement produced 5,000 units during the quarter. At the end of the quarter, an examination of the labor costs records showed that the company used 23,000 direct labor hours and actual total direct labor costs were $390,000. The direct labor efficiency variance was $51,000 U. Which of the following is a logical explanation for this variance? A) The company used more labor hours than allowed by the standards. B) The company paid a higher cost per hour for labor than allowed by the standards. C) The company used a higher quantity of direct materials than allowed by the standards. D) The company paid a higher cost for the direct materials than allowed by the standards.