A local optimum is a point in the feasible region with a better value than any other feasible point in the small neighborhood around it
a. True
b. False
A
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When determining delivery of a message, a general rule of thumb is "the sooner the better."
Indicate whether the statement is true or false.
An auditor selects a sample of items recorded and traces them back to the supporting documentation. This is an example of which of the following?
a. Directional testing for existence. b. Directional testing for completeness. c. Direct testing for valuation. d. Direct testing for rights.
If assets are $410,000 and liabilities are $199,000, then equity equals:
A. $199,000. B. $1,019,000. C. $211,000. D. $609,000. E. $410,000.
If pay raises are matching the rate of inflation, then employees will be no worse off in terms of the immediate purchasing power of their salaries
Indicate whether the statement is true or false a. True b. False