In moving from the measurement model to the structural model:
A) The error terms are correlated with each other.
B) The emphasis shifts from the relationships between latent constructs and measured variables to the nature and magnitude of the relationships between constructs.
C) The exogenous constructs each become endogenous.
D) The endogenous constructs become exogenous.
E) None of the above
B
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The endowment effect
A. is the process of making attributions to the person or the situation. B. is when negotiators believe their ability to be correct or accurate is greater than is actually true. C. is the process of drawing conclusions from small sample sizes. D. is the tendency to overvalue something you own or believe you possess.
For effective presentation slides, you should apply the 6-x-6 rule to most slides. The 6-x-6 rule means that A) the entire presentation has no more than six slides
B) each slide has no more than six words per line and no more than six lines. C) each main idea has no more than six bullet points. D) each slide is discussed for six minutes.
Blake Company purchased two identical inventory items. The item purchased first cost $29.00, and the item purchased second cost $30.00. Blake sold one of the items for $54.00. Which of the following statements is true?
A. Cost of goods sold will be higher if Blake uses the FIFO rather than the weighted-average inventory cost flow method. B. Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method. C. Gross margin will be higher if Blake uses LIFO rather than the FIFO inventory cost flow method. D. The dollar amount assigned to ending inventory will be the same no matter which inventory cost flow method is used.
Guttery Corporation has provided the following financial data from its balance sheet: Year 2Year 1Accounts receivable, net$112,000 $110,000 Inventory$174,000 $150,000 Total assets$1,236,000 $1,250,000 Sales on account in Year 2 totaled $1,450,000 and cost of goods sold totaled $900,000.The company's inventory turnover for Year 2 is closest to:
A. 6.00 B. 0.86 C. 5.56 D. 5.17