All of the following are examples of discrete random variables except
a. number of tickets sold.
b. marital status.
c. time.
d. population of a city.
c
RATIONALE: Discrete random variables take on only specific discrete values. Time is an example of a continuous random variable, which takes on any numerical value in an interval or collection of intervals.
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An expression of the amount of each item in a statement as a percentage of some designated total for comparative purposes is called vertical analysis
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.In 1933 the U.S. government enacted the Buy American Act, which requires federal agencies to purchase materials and products from American suppliers if their prices are NOT unreasonably higher than those of foreign competitors. 2.In 2011 Whirlpool Inc. won an antidumping/subsidy case against clothes-washer imports from Samsung and LG. This resulted in antidumping/subsidy duties being imposed on imports of clothes washers from these foreign producers. 3.A subsidy granted to an import-competing producer tends to be absorbed by producer surplus and higher-costs of production. 4.For a tariff-rate quota, the within-quota tariff rate is more than the over-quota tariff rate. 5.A subsidy granted to import-competing producers is often preferred to an import tariff on the grounds that it results in a smaller deadweight welfare loss and allows consumption to remain unchanged.
A substantive approach using only tests of controls is most commonly used to audit equity accounts
a. True b. False Indicate whether the statement is true or false
Which of the following best characterizes the success of union efforts in the United States in the 19th century?
a. broad success in forcing humane working conditions across a wide range of industries b. major success on the working-hours issue but little else c. some isolated, small victories but overall very little progress d. near-total failure even to form a single functioning union