Which type of scaled-response format contains bi-polar words such as "hot-cold," "wet-dry," "convenient-inconvenient," and so on?
A) constant sum scale
B) life-style inventory
C) semantic differential scale
D) synthetic action/ information/ online format
E) none; these are not measured by scaled-response formats
C
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To test for unsupported entries in the ledger, the direction of audit testing should start from the:
A. Original source documents. B. Ledger entries. C. Sales invoices or shipping documents. D. Externally generated documents.
In 1976, Europeans adopted the 13-digit European Article Number (EAN), while American companies used the 12-digit _____.
Fill in the blank(s) with the appropriate word(s).
Jack currently works for a law firm full time and earns $60,000 a year. He is thinking of quitting his job to pursue a medical degree. Medical school will cost him $100,000 per year. If Jack quits his job and goes to medical school, the salary he currently earns would be considered what type of cost?
A. Irrelevant cost B. Opportunity cost C. Sunk cost D. Fixed cost
Answer the following statements true (T) or false (F)
According to research, union workers make, on average, 15 percent more than nonunion workers. Research suggests that unionized firms are generally less profitable than nonunionized firms, unions reduce employment growth, and unionized workers are generally less satisfied than nonunion workers. Together, these facts provide strong evidence that unions are bad for workers. The presence of unions is usually found to decrease company profits. Union workers tend to be less satisfied with their jobs and therefore have higher turnover rates than nonunion workers.