In a multiple regression model, the error term ? is assumed to be a random variable with a mean of
a. zero
b. -1
c. 1
d. any value
A
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Which of the following statements is not true relating to a defined contribution pension plan?
a. A defined contribution plan defines the contributions of the company to the pension plan. b. Once the defined contribution is paid, the company has no further obligation to the pension plan. c. This type of plan shifts the risk to the employee as to whether the pension plan will grow to provide for a reasonable pension payment upon retirement. d. There is no problem estimating the company's pension expense. e. This type of plan presents substantial problems in estimating the pension liability.
Which of the following is a business event that is considered a recordable transaction?
a. A company hires a new employee. b. A customer purchases merchandise. c. A company orders a product from a supplier. d. An employee sends a purchase requisition to the purchasing department.
A time ticket is a source document that an employee uses to report how much indirect labor was performed for a job.
Answer the following statement true (T) or false (F)
All of the following affect cash outflows except
A) the size of your family. B) your age. C) your education level. D) your personal consumption behavior.