Generally, managers that make informed decisions will not be liable even if their decision turned out badly.
Answer the following statement true (T) or false (F)
True
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Stratified sampling is a way to select a simple random sample from a directory or list that is much more efficient (uses less effort) than with simple random sampling, because with a physical list
The researcher must first enumerate (assign a unique identifier) each listing in order to select them using a random number. Indicate whether the statement is true or false
Book value per share of stock represents the amount the shareholder will receive per share if the company is sold or liquidated
Indicate whether the statement is true or false
Which of the following is characteristic of a change in accounting principle?
a. Requires the reporting of pro forma amounts for prior periods b. Does not affect the financial statements of prior periods c. Never needs to be disclosed d. Should be reported by retrospectively adjusting the financial statements for all years reported, and reporting the cumulative effect of the change in income for all preceding years as an adjustment to the beginning balance of retained earnings for the earliest year reported
Geert Hofstede’s multinational study examining national cultures was criticized for ______.
a. outdated definitions of culture b. small sample sizes *c. its lack of scientific rigor and cultural bias d. exclusion of certain ethnic and racial groups