Cost accounting differs from financial accounting in that financial accounting:
a. Is mostly concerned with external financial reporting.
b. Is mostly concerned with individual departments of the company.
c. Provides the additional information required for special reports to management.
d. Puts more emphasis on future operations.
a
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A jewelry store has been offered a special price on a line of pearls. These pearls cost $160 per strand and can retail at $360 per strand. What markup will the jeweler obtain?
a. 41 percent b. 56 percent c. 140 percent d. 227 percent
If the probability of a Type I error (?) is .05, then the probability of a Type II error (?) must be
A. .05. B. .95. C. .025. D. Cannot be computed.
If a consistent and systematic relationship is not present between two variables, then:
A. there is no relationship. B. an invisible relationship exists. C. a strong association is evident. D. there is a weak association. E. there is a moderate relationship.
A prescription drug is one that:
a. has serious side effects b. is expensive c. requires insurance to purchase d. may only be used with the permission of a physician e. may be purchased by anyone