A recommended decision of an administrative law judge becomes the final action for an agency if an appeal is taken to the full commission by either the staff or the respondent

Indicate whether the statement is true or false


FALSE

Business

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The ________ method is commonly used to estimate the value of inventory that has been destroyed, lost, or stolen.

Fill in the blank(s) with the appropriate word(s).

Business

If an applicant for insurance informs his broker of all material facts regarding the risk, and the broker does not pass those facts along to the insurer, it's possible that the insurer can legally deny any subsequent claim

Indicate whether the statement is true or false

Business

_____ permit the analyst to relate the responses to one question to the responses to one or more other questions when assessing marketing research data.

A. One-way regression analysis B. Two-way regression analysis C. One-way frequency counts D. Cross-tabulations E. Content analysis

Business

A machine distributor sells two models, basic and deluxe. The following information relates to its master budget. Basic Deluxe Sales (units) 8,000  2,000 Sales price per unit$8,000 $12,000 Variable costs per unit$6,400 $9,000 Actual sales were 7,000 basic models and 2,800 deluxe models. The actual sales prices were the same as the budgeted sales prices for both models.Is the sales mix variance for the deluxe model favorable or unfavorable?

A. Unfavorable. B. Favorable.

Business