If accounting information is considered to have faithful representation, then which of the following is true?
A. The information will have predictive value, feedback value, and is timely.
B. The information follows conservatism principles and is also material.
C. The information is considered pertinent to or affects decisions.
D. The information represents to users what it claims to represent.
Answer: D
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Which item is not a component included by analysts in assessing short-term pension risk?
A. Declines in interest rates B. Debt downgrades C. Liquidity problems D. Union negotiations
Assume you have applied for two scholarships, a Merit scholarship (M) and an Athletic scholarship (A). The probability that you receive an Athletic scholarship is 0.18. The probability of receiving both scholarships is 0.11. The probability of getting at least one of the scholarships is 0.3. a.What is the probability that you will receive a Merit scholarship?b.Are events A and M mutually exclusive? Why or why not? Explain.c.Are the two events A and M independent? Explain using probabilities.d.What is the probability of receiving the Athletic scholarship given that you have been awarded the Merit scholarship?e.What is the probability of receiving the Merit scholarship given that you have been awarded the Athletic scholarship?
What will be an ideal response?
Craig is starting a new business and looking for an easy-to-use performance appraisal method that he can apply to every job in the organization from the top manager to the cleaning staff. Craig should probably adopt the ______ method of performance appraisal.
A. ranking B. management by objectives C. graphic rating D. behavioral anchored rating
Which of the following describes why a customer who had a great experience with a product or service would be reluctant to recommend it to a friend?
A. There are personal costs in making a recommendation. B. No one wants to be put on the spot to explain something. C. The recommendation does not make the customer look good. D. There is worry that a recommendation may result in a dissatisfying experience for a friend. E. All these answers are correct.