Banks, and a few nonbank foreign exchange dealers, operate ONLY in the interbank markets
Indicate whether the statement is true or false.
Answer: FALSE
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In a monetary-unit sampling plan, the upper misstatement limit is $11,200 and the risk of incorrect acceptance is 5%. This means that:
A. there is a 95% chance that the actual misstatement in the account is $11,200 or more. B. there is a 95% chance that the actual misstatement in the account is $11,200 or less. C. there is a 95% chance that the actual misstatement in the account is $11,200. D. tolerable misstatement is $11,200.
If P(A)=0.6, P(B)=0.5, and P(A?B)=0.20, then P(B | A)=
A. .33. B. .4. C. .9. D. .5.
If a company uses the periodic inventory system to cost its inventory, the gross profit method is a method that can be used to check on theft when the actual inventory is taken by the company
Indicate whether the statement is true or false
All things being equal, nonprofit organizations normally prefer to deal with their target audiences directly and not use intermediaries because
a. response time is quicker b. new channel opportunities emerge c. offerings can be tailored to target segments d. it attracts more attention to the offering e. all of the above