If a simple Pearson correlation value = .75, what percentage of variance is unaccounted for?
a.25%
b.44%
c.56%
d.75%
ANS:B
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Which of the following is similar to ACL and its primary competitor?
a. Picalo b. IDEA c. Microsoft Office + ActiveData d. Z-score
Which of the following strategies would a company be MOST likely to follow for a product classified as a dog in the BCG matrix?
A) using revenue generated by the product to support question marks B) reducing financial support of the product C) making a significant financial investment to take advantage of the market's potential D) launching a national marketing campaign to support brand awareness E) severing the product's connection to a product in the star or question mark sector
Since the adjustments are entered on the work sheet, it is not necessary to record them in the journal or post them to the ledger
Indicate whether the statement is true or false
The lower-of-cost-or-market rule applies to the write-down of inventory values when market value exceeds cost. Why does this rule not allow for write-ups in inventory value?
A) Write-ups in inventory value are more uncertain than write-downs. B) The most prudent approach to preparing financial statements involves avoidance of pessimistic projections regarding the company's future prospects. C) Writing up inventory to market value would be inconsistent with the conservatism principle. D) Write-ups in inventory value are inconsistent with the matching principle.