Capacity refers to:
a. a company's ability to extend credit to a customer b. the debtor's ability to pay
c. the debtor's financial condition d. the debtor's reputation
e. the debtor's assets to secure debt
b
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Moral principles of right and wrong that guide a person's actions are called:
A. facts. B. opinions. C. policies. D. ethics.
A numerical description of the outcome of an experiment is
a. a normal variable. b. a discrete variable. c. a random variable. d. an experimental variable.
Significant variations in accounting methods among firms make meaningful ratio comparisons between firms more difficult than if all firms used similar accounting methods.
Answer the following statement true (T) or false (F)
The probability of the intersection of two events A and B is denoted by P(A and B) and is called the:
a. marginal probability b. joint probability c. conditional probability of A given B d. conditional probability of B given A