Read the z statistic from the normal distribution table and choose the correct answer. For a two-tailed test using ? = .0150, z =
A. 1.96.
B. 2.17.
C. -2.17.
D. -125.
Answer: C
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When a borrower receives the face amount of a discounted note less the discount, the amount is known as
a. the note proceeds b. the note discount c. the note deferred interest d. the note principal
Executive, Inc has a weekly payroll of $10,000 for a 5-day workweek, Monday through Friday. If December 31, the last day of the accounting year, falls on Thursday, Executive would make an adjusting entry that would
a. increase Wages Expense $8,000. b. decrease Wages Payable $2,000. c. decrease Cash $8,000. d. increase Wages Payable $2,000.
The major reasons why the selection process is so important to companies include:
A. Productivity B. Potential for negligent hires C. Time and money D. A thru C above E. B and C only
Consumers in a market-directed economy
A. do not decide what is to be produced and by whom. B. enjoy limited freedom of choice. C. have to buy what is being produced. D. are taxed to provide for goods and services that benefit society, such as public health, national defense, roads, and police and fire protection. E. do not have to buy any goods or services.