Simulation is an optimization technique
a. True
b. False
Indicate whether the statement is true or false
False
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Mutual funds typically offer more diversification and less risk than purchasing one or two individual securities.
Answer the following statement true (T) or false (F)
In estimating the amount of uncollectible accounts the accountant (1) estimates the amount of outstanding accounts receivable that the firm does not expect to collect and (2) adjusts the balance in the Allowance for Uncollectible Accounts so that, after the entry to recognize estimated uncollectibles, the balance in the account will equal the amount that the firm does not expect to collect. The
name of this procedure is/are: a. the percentage-of-sales. b. aging-of-accounts-receivable. c. direct write-off. d. tax accounting. e. indirect write-off.
Which of the following is least consistent with sustainability practices in inventory management?
A. minimizing wasted movement B. less excess inventory C. reduced waiting time D. push system
Mackenzie, an agent for Lindsay, signs an agreement with Kirk on Lindsay's behalf but neglects to tell her that the agreement requires the payment of a certain tax. The government prosecutes Lindsay for failing to pay the tax. She is
A. liable, because notice to Mackenzie is notice to Lindsay. B. liable, because notice to Kirk is notice to Lindsay. C. not liable, because Mackenzie did not tell Lindsay about the tax. D. not liable, because Kirk did not tell Lindsay about the tax.