Which one of the following is not a difference between a retail business and a service business?
A) in what is sold
B) the inclusion of gross profit in the income statement
C) accounting equation
D) merchandise inventory included in the balance sheet
C
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If a company hires honest employees, no internal control procedures are necessary
a. True b. False Indicate whether the statement is true or false
Predictive analytics uses statistical modeling to draw conclusions and predict behavior based on the assumption that:
a. What has happened in the past will continue to happen in the future. b. What has happened in the past will not happen in the future. c. What has happened in the past has no impact on what will happen in the future. d. None of the above are assumptions used in predictive analytics.
A tool to achieve aggregate opinions concerning real-world knowledge solicited from experts within certain topic areas best defines
A) Pareto chart. B) SWOT analysis. C) Delphi technique. D) nominal group technique.
Which of the following statements regarding social class is true?
A. A social class is a closed aggregate of people with similar social ranking. B. The criteria used to group people into social classes do not vary from one culture to another. C. A social class is an open aggregate of people with similar social ranking. D. A social class is a ranking of people by other members of society into positions of social respect. E. A social class is an open aggregate of people with different social rankings.