True or False Reducing the probability of a Type I error also reduces the probability of a Type II error
Indicate whether the statement is true or false
F
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The philanthropic perspective of the economic model in which business support for a social cause is done because it is the right thing to do differs from the reputational version only in terms of the:
A. reach of the social good done. B. underlying motivation. C. level of social good done. D. medium used.
JAX Inc In early 2012, JAX Inc had budgeted for the production and sales of 5,000 units at a sales price of $15 per unit. The following information is available regarding the standard cost for each unit: Direct materials: 1.50 pounds at $2.50 per lb Direct labor: 30 minutes of assembly at $.20 per minute Actual results for 2012 were determined to be as follows: Number of units produced and sold:
5,600 units Sales revenue: $100,800 ($18 per unit) Direct materials cost: $ 22,848 (9,520 lbs purchased and used at $2.40 per lb) Direct labor cost: $ 38,192 (173,600 minutes at $.22 per minute) Refer to the JAX Inc information above. What was JAX Inc's direct labor efficiency variance for 2012? A) $1,120 F B) $1,120 U C) $1,232 F D) $1,232 U
Calculating return on investment for an investment center is defined by the following formula:
A. Gross profit/Ending assets. B. Contribution margin/Average invested assets. C. Contribution margin/Ending assets. D. Net income/Ending assets. E. Income/Average invested assets.
Ron Sanyo is a director of Tippet industries, a business that imports clothing. Ron learns of a good deal on clothes from Cuba and wants to start his own company to take the Cuba deal
If he does so, he will have breached which, if any, of the following? A) Director's negligence B) Shareholder oppression C) Fiduciary duty D) Both A and B E) All of the above