The simplest form of business is a sole proprietorship.
Answer the following statement true (T) or false (F)
True
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The ________ phase of marketing research is generally the most expensive and the most prone to error
A) contact B) research planning C) questionnaire design D) interview design E) data collection
In the case of conducting the t-test on the means of two samples of observations, the samples can be independent or paired
Indicate whether the statement is true or false
Good Sleep Inc manufactures soft pillows. Its records revealed the following data: Number of units produced 5,000 Standard direct labor hours per unit 2.50 Standard variable overhead rate $4.00 per hour Standard fixed overhead rate $6.00 per hour Budgeted fixed overhead costs $75,500 Actual variable overhead costs $49,500 Actual fixed overhead costs $80,000 Actual labor hours 13,000 direct labor
hours Total actual overhead $129,500 Using the above information provided for Good Sleep, the total overhead cost variance is A) $4,000 (F). B) $5,000 (U). C) $4,500 (U). D) $500 (F).
Internal earnings targets represent an important tool in motivating managers to increase sales efforts, control costs, and use resources more efficiently. Such internal targets also can cause managers to resort to extreme measures in order to meet goals
established by upper management. Earnings management often appears in a variety of forms as a means of reaching these internal goals. Earnings management also is associated with earnings-based internal bonus plans which are also a form of internal target. Explain how earnings management is related to earnings-based internal bonus plans and how managers behave in response to such plans.