What does the term bimodal mean?
What will be an ideal response?
ANS:
Bimodal refers to a distribution of scores that has two different modes, or two scores that occur most frequently.
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Which of the following is the current group within the International Accounting Standard Board organization that interprets existing standards or provides guidance in areas for which no accounting formal standard exists?
a. Standing Interpretations Committee b. International Accounting Standards Committee c. Emerging Issues Task Force d. International Financial Reporting Interpretations Committee
Sufficiency of capacity for the output of the master schedule is checked during ______.
A. material requirements planning B. capacity requirements planning C. rough-cut capacity planning D. production resource planning
Packhorse Corp has kept a design for a picking machine in strict confidence. Packrat Corp hired a computer expert to break through Packhorse's access codes via the Internet and download the design secret
Packrat is now selling similar machines at a lower price because it did not have to bear the development costs. What offence has been committed? A) Theft B) Fraud C) Unauthorized use of a computer D) Mischief in relation to data E) None
Lofft Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (2,000 units)$120,000Variable expenses 90,000Contribution margin 30,000Fixed expenses 16,500Net operating income$13,500 Using the degree of operating leverage, the estimated percent increase in net operating income as the result of a 10% increase in sales is closest to:
A. 4.50% B. 1.13% C. 22.22% D. 88.89%