Qualitative information is only relevant for decision making if it can be quantified.
Answer the following statement true (T) or false (F)
False
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When calculating the confidence interval for an average, the standard deviation is used:
A) because it indicates lack of variability B) because it is the appropriate measure of variability for a metric variable C) because it is the appropriate measure of variability for a categorical variable D) because it is smaller and less expensive to calculate E) none of the above; standard deviation is not used to calculate confidence for an average
Export drafts must be paid before the buyer receives shipping documents.
Answer the following statement true (T) or false (F)
Factors to determine a vessel's seaworthiness include:
a. the competence of the crew. b. the type of cargo carried and the manner in which it is stowed. c. the nature of the voyage and the weather expected. d. All of the above
Which of the following is NOT a valid reason for a firm to establish subsidiaries?
a. to better control risk exposure of either parent-to- subsidiary or subsidiary-to-parent. b. to enhance the company's ability to evaluate individual performance and to create different compensation systems for a diverse set of its businesses. c. to obfuscate financial reporting. d. to conform with regulatory requirements specific to a particular business environment.